UBS Group Cuts Royal Mail (OTCMKTS:ROYMY) Price Target to GBX 420

Royal Mail (OTCMKTS:ROYMYGet Rating) had its target price decreased by UBS Group from GBX 540 ($7.03) to GBX 420 ($5.46) in a research note issued to investors on Wednesday morning, The Fly reports.

ROYMY has been the topic of several other research reports. JPMorgan Chase & Co. decreased their price objective on Royal Mail from GBX 708 ($9.21) to GBX 702 ($9.13) in a report on Thursday, March 17th. Deutsche Bank Aktiengesellschaft downgraded Royal Mail from a buy rating to a sell rating in a research report on Tuesday, March 29th. Credit Suisse Group cut Royal Mail from a neutral rating to an underperform rating in a research note on Thursday, March 3rd. Finally, Zacks Investment Research cut Royal Mail from a buy rating to a sell rating in a research report on Friday, March 25th. Three equities research analysts have rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $365.50.

Shares of OTCMKTS:ROYMY opened at $9.13 on Wednesday. Royal Mail has a 1-year low of $8.53 and a 1-year high of $17.05. The business’s 50 day moving average is $9.66 and its 200-day moving average is $11.61.

About Royal Mail (Get Rating)

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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