Royal Mail PLC (OTCMKTS:ROYMF) has received a consensus rating of “Hold” from the twelve brokerages that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has given a buy recommendation to the company.
A number of analysts have recently weighed in on ROYMF shares. JPMorgan Chase & Co. upgraded shares of Royal Mail from an “underweight” rating to a “neutral” rating in a research note on Tuesday, June 4th. HSBC restated a “hold” rating on shares of Royal Mail in a research note on Friday, June 7th. Societe Generale upgraded shares of Royal Mail from a “sell” rating to a “hold” rating in a research note on Friday, June 14th. Finally, Sanford C. Bernstein upgraded shares of Royal Mail from a “market perform” rating to an “outperform” rating in a research note on Monday, June 17th.
Shares of Royal Mail stock remained flat at $$2.47 on Friday. The firm has a 50-day simple moving average of $2.65. Royal Mail has a 1-year low of $2.47 and a 1-year high of $6.32.
Royal Mail Company Profile
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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