Zacks Investment Research lowered shares of ROYAL MAIL PLC/ADR (OTCMKTS:ROYMY) from a hold rating to a sell rating in a research report report published on Saturday.
According to Zacks, “Royal Mail plc is a provider of postal and delivery services. Its operating segment consists of UK Parcels, International and Letters, General Logistics Systems and Other. UKPIL segment collects and delivers parcels and letters predominantly. It provides collection and delivery services under the Royal Mail and Parcelforce Worldwide brands. GLS comprises European parcel business and is focused on the deferred parcels segment. Royal Mail plc is headquartered in London, the United Kingdom. “
Several other analysts also recently weighed in on the company. HSBC downgraded ROYAL MAIL PLC/ADR from a buy rating to a hold rating in a research note on Tuesday, October 9th. Royal Bank of Canada downgraded ROYAL MAIL PLC/ADR from a sector perform rating to an underperform rating in a research note on Tuesday, October 9th. JPMorgan Chase & Co. downgraded ROYAL MAIL PLC/ADR from a neutral rating to an underweight rating in a research note on Tuesday, October 2nd. Finally, ValuEngine downgraded ROYAL MAIL PLC/ADR from a hold rating to a sell rating in a research note on Monday, October 8th. Four analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. ROYAL MAIL PLC/ADR presently has an average rating of Sell and a consensus price target of $16.00.
The firm also recently announced a Semi-Annual dividend, which will be paid on Thursday, January 31st. Investors of record on Friday, December 7th will be paid a dividend of $0.174 per share. The ex-dividend date is Thursday, December 6th. ROYAL MAIL PLC/ADR’s payout ratio is 63.03%.
About ROYAL MAIL PLC/ADR
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.
Recommended Story: Day Trading – Risk Worth the Reward?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.