Royal Mail plc (OTCMKTS:ROYMY) Receives $16.00 Average Price Target from Brokerages

Shares of Royal Mail plc (OTCMKTS:ROYMY) have received an average rating of “Hold” from the fourteen brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $16.00.

Several analysts have weighed in on the company. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Royal Mail in a report on Thursday, April 1st. UBS Group upgraded Royal Mail from a “neutral” rating to a “buy” rating in a research report on Thursday, February 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Royal Mail in a research report on Friday, March 12th. Citigroup restated a “buy” rating on shares of Royal Mail in a research report on Tuesday, February 16th. Finally, Jefferies Financial Group upgraded Royal Mail from an “underperform” rating to a “hold” rating in a research report on Tuesday, February 16th.

Royal Mail stock opened at $13.57 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.95 and a current ratio of 0.96. The firm has a market capitalization of $6.78 billion, a price-to-earnings ratio of 33.09 and a beta of 1.89. Royal Mail has a fifty-two week low of $3.34 and a fifty-two week high of $14.86. The stock’s fifty day moving average is $13.56 and its two-hundred day moving average is $9.68.

About Royal Mail

Royal Mail plc, together with its subsidiaries, operates as a universal postal service provider in Italy, France, Spain, Germany, North America, the Western United States, Canada, Croatia, the Czech Republic, Hungary, Romania, Slovakia, and Slovenia. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands.

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Analyst Recommendations for Royal Mail (OTCMKTS:ROYMY)

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