Royal Mail (OTCMKTS:ROYMY) Price Target Cut to GBX 240

Royal Mail (OTCMKTS:ROYMY – Get Rating) had its price target cut by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 275 ($3.39) to GBX 240 ($2.96) in a research note issued to investors on Friday, The Fly reports.

Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. lowered their price objective on shares of Royal Mail from GBX 708 ($8.73) to GBX 702 ($8.65) in a research report on Thursday, March 17th. Credit Suisse Group downgraded shares of Royal Mail from a “neutral” rating to an “underperform” rating in a research report on Thursday, March 3rd. Zacks Investment Research upgraded shares of Royal Mail from a “sell” rating to a “hold” rating in a research report on Wednesday. Berenberg Bank lowered their price objective on shares of Royal Mail from GBX 650 ($8.01) to GBX 575 ($7.09) in a research report on Friday. Finally, UBS Group lowered their price objective on shares of Royal Mail from GBX 540 ($6.66) to GBX 420 ($5.18) in a research report on Wednesday, April 20th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $389.60.

Shares of OTCMKTS ROYMY traded down $0.98 during midday trading on Friday, hitting $7.69. The stock had a trading volume of 12,402 shares, compared to its average volume of 3,244. The business’s 50 day moving average is $8.92 and its 200-day moving average is $11.20. Royal Mail has a 52 week low of $7.50 and a 52 week high of $17.05. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.40.

About Royal Mail (Get Rating)

Royal Mail plc, together with its subsidiaries, operates as a universal postal service provider in Italy, France, Spain, Germany, North America, Croatia, the Czech Republic, Hungary, Poland, Romania, Slovakia, Slovenia, Austria, Belgium, Denmark, Ireland, the Netherlands, and Portugal. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands.

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