Royal Mail plc (OTCMKTS:ROYMY) receives consensus ‘hold’ recommendation from brokerages
Royal Mail plc (OTCMKTS:ROYMY – Get Rating) has been awarded a consensus rating of “Hold” by the nine analysts who currently cover the business, MarketBeat Ratings reports. Three analysts rated the stock with a sell rating, one assigned a hold rating and one issued a buy rating on the company. The average 1-year price target among brokers who have reported on the stock in the past year is $466.75.
Several equity research analysts have weighed in on the company recently. Deutsche Bank Aktiengesellschaft cut its price target on Royal Mail from 275 GBX ($3.48) to 240 GBX ($3.04) in a Friday May 20 report. JPMorgan Chase & Co. cut its price target on Royal Mail from GBX 702 ($8.88) to GBX 632 ($8.00) in a Monday May 23 report. Credit Suisse Group downgraded Royal Mail from a “neutral” rating to an “underperforming” rating in a report on Thursday March 3. UBS Group reduced its target price on Royal Mail from 540 GBX ($6.83) to 420 GBX ($5.31) in a Wednesday April 20 research note. Finally, Sanford C. Bernstein downgraded Royal Mail from an “outperforming” rating to a “market performance” rating in a Friday May 27 research note.
Royal Mail shares opened at $7.79 on Friday. Royal Mail has a 1 year minimum of $7.10 and a 1 year maximum of $17.05. The stock has a fifty-day moving average price of $8.53 and a 200-day moving average price of $10.91. The company has a quick ratio of 1.29, a current ratio of 1.30 and a leverage ratio of 0.40.
Royal Mail Company Profile (Get an assessment)
Royal Mail plc, together with its subsidiaries, operates as a universal postal service provider in Italy, France, Spain, Germany, North America, Croatia, Czech Republic, Hungary, Poland, Romania, in Slovakia, Slovenia, Austria, Belgium, Denmark, Ireland, Netherlands and Portugal. It offers parcel and courier delivery services under the Royal Mail and Parcelforce Worldwide brands.
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