Royal Mail PLC (OTCMKTS:ROYMF) Receives Consensus Rating of “Hold” from Analysts
Shares of Royal Mail PLC (OTCMKTS:ROYMF) have earned an average recommendation of “Hold” from the twelve brokerages that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating on the company.
Several brokerages recently weighed in on ROYMF. Berenberg Bank raised shares of easyJet to a “hold” rating in a research report on Monday, April 1st. HSBC reaffirmed a “hold” rating on shares of Royal Mail in a research report on Friday, June 7th. JPMorgan Chase & Co. began coverage on shares of INTL CONS AIRL/S in a research report on Tuesday, June 4th. They issued an “overweight” rating on the stock. Societe Generale raised shares of Royal Mail from a “sell” rating to a “hold” rating in a research report on Friday, June 14th. Finally, Sanford C. Bernstein raised shares of Royal Mail from a “market perform” rating to an “outperform” rating in a research report on Monday, June 17th.
Shares of ROYMF stock traded up $0.05 on Tuesday, reaching $2.74. 18,700 shares of the company were exchanged, compared to its average volume of 24,757. The firm has a 50-day simple moving average of $2.68. Royal Mail has a one year low of $2.47 and a one year 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.
See Also: What does a hold rating mean?
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