Royal Mail (OTCMKTS:ROYMY – Get Rating) had its price objective cut by equities researchers at JPMorgan Chase & Co. from GBX 702 ($8.65) to GBX 632 ($7.79) in a research note issued on Monday, The Fly reports.
ROYMY has been the subject of several other reports. Credit Suisse Group cut shares of Royal Mail from a “neutral” rating to an “underperform” rating in a research report on Thursday, March 3rd. UBS Group lowered their price target on shares of Royal Mail from GBX 540 ($6.66) to GBX 420 ($5.18) in a research report on Wednesday, April 20th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Royal Mail from GBX 275 ($3.39) to GBX 240 ($2.96) in a research report on Friday. Zacks Investment Research raised shares of Royal Mail from a “sell” rating to a “hold” rating in a research report on Wednesday, May 18th. Finally, Berenberg Bank lowered their price target on shares of Royal Mail from GBX 650 ($8.01) to GBX 575 ($7.09) in a research report on Friday. Two research analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $375.60.
Shares of OTCMKTS:ROYMY traded up $0.25 on Monday, hitting $7.94. The company had a trading volume of 9,000 shares, compared to its average volume of 4,851. The firm’s 50-day simple moving average is $8.88 and its two-hundred day simple moving average is $11.16. Royal Mail has a 1 year low of $7.50 and a 1 year 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.
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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