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Investment analysts at Berenberg Bank initiated coverage on shares of Royal Mail (NASDAQ:ROYMF) in a note issued to investors on Tuesday, StockRatingsNetwork reports. The firm set a “buy” rating on the stock.

Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank initiated coverage on shares of Royal Mail in a research note on Friday, April 4th. They set a “hold” rating on the stock. Separately, analysts at RBC Capital upgraded shares of Royal Mail to an “outperform” rating in a research note on Friday, March 28th. Finally, analysts at HSBC initiated coverage on shares of Royal Mail in a research note on Friday, March 21st. They set an “overweight” rating on the stock.

Royal Mail (NASDAQ:ROYMF) opened at 9.474 on Tuesday. Royal Mail has a one year low of $7.76 and a one year high of $10.02. The stock has a 50-day moving average of $9.08 and a 200-day moving average of $9.37. The company has a market cap of $9.474 billion and a P/E ratio of 3.99.

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