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Royal Mail PLC 18.5% Potential Decrease Indicated by Deutsche Bank

Royal Mail PLC with EPIC/TICKER (LON:RMG) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘SELL’ today by analysts at Deutsche Bank. Royal Mail PLC are listed in the Industrials sector within UK Main Market. Deutsche Bank have set a target price of 250 GBX on its stock. This now indicates the analyst believes there is a potential downside of -18.5% from today’s opening price of 306.9 GBX. Over the last 30 and 90 trading days the company share price has decreased 46.1 points and decreased 161.5 points respectively. The 1 year high share price is 632.6 GBX while the 52 week low for the share price is 297 GBX.

Royal Mail PLC has a 50 day moving average of 357.44 GBX and the 200 Day Moving Average price is recorded at 477.46. There are currently 1,000,000,000 shares in issue with the average daily volume traded being 8,091,638. Market capitalisation for LON:RMG is £3,086,300,107 GBP.