Royal Mail PLC 2.2% Potential Decrease Indicated by Berenberg

Broker Ratings
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Royal Mail PLC with EPIC/TICKER (LON:RMG) had its stock rating noted as ‘Upgrades’ with the recommendation being set at ‘HOLD’ this morning by analysts at Berenberg. Royal Mail PLC are listed in the Industrials sector within UK Main Market. Berenberg have set their target price at 240 GBX on its stock. This is indicating the analyst believes there is a potential downside of -2.2% from today’s opening price of 245.3 GBX. Over the last 30 and 90 trading days the company share price has decreased 33 points and decreased 25.7 points respectively. The 52 week high for the share price is currently at 632.6 GBX while the 52 week low for the share price is 232.4 GBX.

Royal Mail PLC has a 50 day moving average of 275.13 GBX and a 200 day moving average of 368.77. There are currently 1,000,000,000 shares in issue with the average daily volume traded being 6,023,112. Market capitalisation for LON:RMG is £2,436,000,061 GBP.

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