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Royal Mail PLC 20.9% 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’ today by analysts at JP Morgan Cazenove. Royal Mail PLC are listed in the Industrials sector within UK Main Market. JP Morgan Cazenove have set a target price of 159 GBX on its stock. This indicates the analyst believes there is a potential downside of -20.9% from today’s opening price of 200.9 GBX. Over the last 30 and 90 trading days the company share price has decreased 21.1 points and decreased 0.1 points respectively. The 52 week high share price is 347.5 GBX while the 52 week low for the share price is 186.8 GBX.

Royal Mail PLC has a 50 day moving average of 220.99 GBX and the 200 Day Moving Average price is recorded at 230.93. There are currently 1,000,000,000 shares in issue with the average daily volume traded being 4,913,470. Market capitalisation for LON:RMG is £2,007,940,063 GBP.