Home » Reports » Royal Mail PLC 16.6% Potential Decrease Indicated by JP Morgan Cazenove

Royal Mail PLC 16.6% Potential Decrease Indicated by JP Morgan Cazenove

Royal Mail PLC using EPIC/TICKER code (LON:RMG) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘UNDERWEIGHT’ this morning by analysts at JP Morgan Cazenove. Royal Mail PLC are listed in the Industrials sector within UK Main Market. JP Morgan Cazenove have set their target price at 145 GBX on its stock. This indicates the analyst believes there is a potential downside of -16.6% from the opening price of 173.9 GBX. Over the last 30 and 90 trading days the company share price has increased 2.6 points and increased 44.2 points respectively. The 1 year high for the share price is 258.6 GBX while the 52 week low is 118.86 GBX.

Royal Mail PLC has a 50 day moving average of 176.80 GBX and a 200 day moving average of 193.61. There are currently 1,000,000,000 shares in issue with the average daily volume traded being 7,828,714. Market capitalisation for LON:RMG is £1,727,790,069 GBP.

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