Royal Mail Coverage Initiated at Jefferies Group (ROYMF)
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. upgraded shares of Royal Mail from a “sell” rating to a “neutral” rating in a research note on Friday, May 23rd. Separately, analysts at Berenberg Bank initiated coverage on shares of Royal Mail in a research note on Tuesday, May 13th. They set a “buy” rating on the stock. Finally, 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold”.
Royal Mail (NASDAQ:ROYMF) opened at 8.1829 on Wednesday. Royal Mail has a 52 week low of $7.76 and a 52 week high of $10.02. The stock’s 50-day moving average is $9.03 and its 200-day moving average is $9.42. The company has a market cap of $8.183 billion and a P/E ratio of 3.94.
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