Royal Mail PLC (OTCMKTS:ROYMF) Receives Average Recommendation of “Hold” from Analysts

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Shares of Royal Mail PLC (OTCMKTS:ROYMF) have been given a consensus rating of “Hold” by the twelve ratings firms that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company.

ROYMF has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised Royal Mail from an “underweight” rating to a “neutral” rating in a research note on Tuesday, June 4th. HSBC reaffirmed a “hold” rating on shares of Royal Mail in a research note on Friday, June 7th. Societe Generale raised Royal Mail from a “sell” rating to a “hold” rating in a research note on Friday, June 14th. Finally, Sanford C. Bernstein raised Royal Mail from a “market perform” rating to an “outperform” rating in a research note on Monday, June 17th.

Shares of Royal Mail stock opened at $2.49 on Friday. Royal Mail has a 52 week low of $2.47 and a 52 week high of $6.32. The company has a fifty day simple moving average of $2.65.

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.

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Analyst Recommendations for Royal Mail (OTCMKTS:ROYMF)

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