Shares of Royal Mail PLC (OTCMKTS:ROYMF) have been given a consensus rating of “Hold” by the twelve research firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has given a buy recommendation to the company.
ROYMF has been the topic of several research analyst reports. JPMorgan Chase & Co. raised shares of Royal Mail from an “underweight” rating to a “neutral” rating in a research note on Tuesday, June 4th. HSBC reissued a “hold” rating on shares of Royal Mail in a research note on Friday, June 7th. Sanford C. Bernstein raised shares of Royal Mail from a “market perform” rating to an “outperform” rating in a research note on Monday, June 17th. Finally, Societe Generale raised shares of Royal Mail from a “sell” rating to a “hold” rating in a research note on Friday, June 14th.
Royal Mail stock remained flat at $$2.47 during trading hours on Friday. The company’s fifty day moving average price is $2.65. Royal Mail has a 12-month low of $2.47 and a 12-month high of $6.32.
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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