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Royal Mail PLC 18% 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’ 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 145 GBX on its stock. This is indicating the analyst believes there is a potential downside of -18.0% from the opening price of 176.85 GBX. Over the last 30 and 90 trading days the company share price has decreased 41.15 points and decreased 46.65 points respectively. The 52 week high for the share price is currently at 295.5 GBX while the 52 week low is 168.05 GBX.

Royal Mail PLC has a 50 day moving average of 221.76 GBX and the 200 Day Moving Average price is recorded at 218.87. There are currently 1,000,000,000 shares in issue with the average daily volume traded being 3,935,231. Market capitalisation for LON:RMG is £1,766,385,040 GBP.

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