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Royal Mail PLC 34.2% 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’ today 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 180 GBX on its stock. This now indicates the analyst believes there is a potential downside of -34.2% from today’s opening price of 273.5 GBX. Over the last 30 and 90 trading days the company share price has decreased 12.4 points and decreased 77.7 points respectively. The 52 week high share price is 632.6 GBX while the 52 week low for the stock is 246.6 GBX.

Royal Mail PLC has a 50 day moving average of 294.64 GBX and a 200 day moving average of 418.32. There are currently 1,000,000,000 shares in issue with the average daily volume traded being 6,940,166. Market capitalisation for LON:RMG is £2,800,000,000 GBP.