Royal Mail PLC (OTCMKTS:ROYMF) Given Average Rating of “Hold” by Analysts

Shares of Royal Mail PLC (OTCMKTS:ROYMF) have received a consensus rating of “Hold” from the twelve ratings firms that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has assigned a buy recommendation to the company.

A number of analysts have recently issued reports on ROYMF shares. JPMorgan Chase & Co. upgraded shares of Royal Mail from an “underweight” rating to a “neutral” rating in a report on Tuesday, June 4th. Sanford C. Bernstein upgraded shares of Royal Mail from a “market perform” rating to an “outperform” rating in a report on Monday, June 17th. HSBC reaffirmed a “hold” rating on shares of Royal Mail in a research report on Friday, June 7th. Berenberg Bank raised shares of Royal Mail from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Finally, Societe Generale raised shares of Royal Mail from a “sell” rating to a “hold” rating in a research report on Friday, June 14th.

ROYMF stock remained flat at $$2.55 during mid-day trading on Friday. The firm has a fifty day moving average of $2.93. Royal Mail has a 52-week low of $2.47 and a 52-week high of $6.48.

About Royal Mail

Royal Mail plc, together with its subsidiaries, operates as an universal postal service provider in the United Kingdom, the United States, and other European countries. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands. The company also provides services for the collection, sorting, and delivery of parcels and letters; and designs and produces stamps and philatelic items, as well as offers media and marketing mail services.

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Analyst Recommendations for Royal Mail (OTCMKTS:ROYMF)

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