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Royal Mail PLC 12% Potential Decrease Indicated by Berenberg

Royal Mail PLC using EPIC/TICKER code (LON:RMG) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘SELL’ today by analysts at Berenberg. Royal Mail PLC are listed in the Industrials sector within UK Main Market. Berenberg have set a target price of 300 GBX on its stock. This would imply the analyst believes there is a potential downside of -12.0% from the opening price of 341.1 GBX. Over the last 30 and 90 trading days the company share price has decreased 129.3 points and decreased 146.8 points respectively. The 1 year high for the stock price is 632.6 GBX while the 52 week low for the share price is 321.8 GBX.

Royal Mail PLC has a 50 day moving average of 457.56 GBX and the 200 Day Moving Average price is recorded at 509.88. There are currently 1,000,000,000 shares in issue with the average daily volume traded being 6,474,574. Market capitalisation for LON:RMG is £3,476,919,925 GBP.