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Royal Mail PLC 19.6% Potential Upside 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 ‘OVERWEIGHT’ 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 530 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 19.6% from today’s opening price of 443 GBX. Over the last 30 and 90 trading days the company share price has increased 69.3 points and increased 67.6 points respectively. The 1 year high for the share price is 467.6 GBX while the year low share price is currently 367.8 GBX.

Royal Mail PLC has a 50 day moving average of 398.81 GBX and the 200 Day Moving Average price is recorded at 409.78. There are currently 1,000,000,000 shares in issue with the average daily volume traded being 5,985,092. Market capitalisation for LON:RMG is £4,445,000,000 GBP.