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Royal Mail PLC 3.7% 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’ today by analysts at Berenberg. Royal Mail PLC are listed in the Industrials sector within UK Main Market. Berenberg have set their target price at 250 GBX on its stock. This would indicate that the analyst believes there is a downside of -3.7% from the opening price of 259.6 GBX. Over the last 30 and 90 trading days the company share price has decreased 12.5 points and decreased 95.7 points respectively. The 52 week high for the share price is currently at 632.6 GBX while the year low share price is currently 246.6 GBX.

Royal Mail PLC has a 50 day moving average of 302.43 GBX and a 200 Day Moving Average share price is recorded at 428.74. There are currently 1,000,000,000 shares in issue with the average daily volume traded being 7,978,173. Market capitalisation for LON:RMG is £2,578,999,938 GBP.