Royal Mail (OTCMKTS:ROYMY) had its price objective cut by stock analysts at JPMorgan Chase & Co. from 777.00 to 768.00 in a research report issued on Friday, The Fly reports. The firm currently has an “overweight” rating on the stock.
ROYMY has been the subject of several other research reports. Zacks Investment Research upgraded shares of Royal Mail from a “sell” rating to a “hold” rating in a research report on Thursday, November 11th. UBS Group upgraded shares of Royal Mail from a “neutral” rating to a “buy” rating in a research report on Monday, November 29th. Berenberg Bank upgraded shares of Royal Mail from a “hold” rating to a “buy” rating in a report on Monday, December 13th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Royal Mail in a report on Wednesday, September 29th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $267.16.
Shares of ROYMY stock traded up $0.14 during trading hours on Friday, reaching $14.40. The stock had a trading volume of 522 shares, compared to its average volume of 2,235. The firm has a 50-day simple moving average of $13.27 and a 200-day simple moving average of $13.42. Royal Mail has a twelve month low of $10.23 and a twelve month high of $17.05.
Royal Mail Plc engages in the provision of postal and delivery services. It operates through the following segments: Royal Mail and General Logistics Systems (GLS). The Royal Mail segment collects, sorts and delivers letters and parcels across the UK. The GLS segment operates in continental Europe and the Republic of Ireland and has a ground-based deferred parcel delivery network in Europe.
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