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

Royal Mail PLC (OTCMKTS:ROYMF) has been given an average recommendation of “Hold” by the twelve analysts that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has assigned a buy recommendation to the company.

ROYMF has been the subject of several analyst reports. Sanford C. Bernstein raised shares of Royal Mail from a “market perform” rating to an “outperform” rating in a report on Monday, June 17th. Berenberg Bank raised shares of easyJet to a “hold” rating in a report on Monday, April 1st. HSBC reissued a “hold” rating on shares of Royal Mail in a report on Friday, June 7th. Societe Generale raised shares of Royal Mail from a “sell” rating to a “hold” rating in a report on Friday, June 14th. Finally, JPMorgan Chase & Co. started coverage on shares of INTL CONS AIRL/S in a report on Tuesday, June 4th. They set an “overweight” rating for the company.

OTCMKTS:ROYMF traded up $0.05 during trading hours on Tuesday, hitting $2.74. The stock had a trading volume of 18,700 shares, compared to its average volume of 24,757. The business’s 50 day moving average price is $2.68. Royal Mail has a one year low of $2.47 and a one year high of $6.32.

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.

Further Reading: Put Option

Analyst Recommendations for Royal Mail (OTCMKTS:ROYMF)

Receive News & Ratings for Royal Mail Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Mail and related companies with MarketBeat.com's FREE daily email newsletter.