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Royal Mail PLC 24% Potential Decrease Indicated by Deutsche Bank

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 Deutsche Bank. Royal Mail PLC are listed in the Industrials sector within UK Main Market. Deutsche Bank have set a target price of 150 GBX on its stock. This would indicate that the analyst believes there is a downside of -24.0% from the opening price of 197.25 GBX. Over the last 30 and 90 trading days the company share price has decreased 44.85 points and decreased 69.45 points respectively. The 1 year high share price is 515.8 GBX while the 52 week low for the stock is 192 GBX.

Royal Mail PLC has a 50 day moving average of 245.21 GBX and a 200 day moving average of 315.82. There are currently 1,000,000,000 shares in issue with the average daily volume traded being 11,298,599. Market capitalisation for LON:RMG is £2,015,000,000 GBP.