Goldman Sachs Group Upgrades ROYAL MAIL PLC/ADR (ROYMY) to “Buy”
ROYAL MAIL PLC/ADR (OTCMKTS:ROYMY) was upgraded by Goldman Sachs Group from a “neutral” rating to a “buy” rating in a report released on Thursday, The Fly reports.
A number of other research firms have also weighed in on ROYMY. HSBC raised shares of ROYAL MAIL PLC/ADR from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Zacks Investment Research lowered shares of ROYAL MAIL PLC/ADR from a “hold” rating to a “sell” rating in a report on Wednesday, January 30th. Finally, Berenberg Bank raised shares of ROYAL MAIL PLC/ADR from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold”.
Shares of ROYMY stock traded down $0.71 on Thursday, reaching $4.99. The company’s stock had a trading volume of 29,541 shares, compared to its average volume of 38,926. ROYAL MAIL PLC/ADR has a 1 year low of $4.92 and a 1 year high of $14.69. The firm has a market cap of $2.57 billion, a PE ratio of 4.19 and a beta of 1.07.
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.
See Also: Producer Price Index (PPI)
Receive News & Ratings for ROYAL MAIL PLC/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ROYAL MAIL PLC/ADR and related companies with MarketBeat.com's FREE daily email newsletter.