JPMorgan Chase & Co. Reiterates Overweight Rating for Royal Mail (OTCMKTS:ROYMY)

JPMorgan Chase & Co. restated their overweight rating on shares of Royal Mail (OTCMKTS:ROYMY) in a research report report published on Thursday morning, The Fly reports.

A number of other research firms also recently commented on ROYMY. UBS Group reaffirmed a buy rating on shares of Royal Mail in a report on Tuesday, April 13th. Credit Suisse Group reiterated a neutral rating on shares of Royal Mail in a research report on Thursday, June 17th. Barclays reiterated an overweight rating on shares of Royal Mail in a research report on Friday, May 21st. Deutsche Bank Aktiengesellschaft reiterated a buy rating on shares of Royal Mail in a research report on Wednesday, May 26th. Finally, Sanford C. Bernstein upgraded Royal Mail from a market perform rating to an outperform rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Royal Mail has a consensus rating of Buy and a consensus target price of $19.00.

Shares of Royal Mail stock traded down $0.10 on Thursday, reaching $14.40. 698 shares of the stock were exchanged, compared to its average volume of 2,903. The company has a quick ratio of 1.18, a current ratio of 1.19 and a debt-to-equity ratio of 0.39. Royal Mail has a twelve month low of $4.13 and a twelve month high of $17.05. The company has a 50 day simple moving average of $15.99.

The firm also recently disclosed a dividend, which will be paid on Tuesday, September 21st. Stockholders of record on Friday, July 30th will be given a $0.2232 dividend. This represents a dividend yield of 1.47%. The ex-dividend date is Thursday, July 29th.

About Royal Mail

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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