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Royal Mail PLC 49.7% Potential Upside Indicated by Goldman Sachs

Royal Mail PLC with EPIC/TICKER (LON:RMG) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ this morning by analysts at Goldman Sachs. Royal Mail PLC are listed in the Industrials sector within UK Main Market. Goldman Sachs have set their target price at 300 GBX on its stock. This indicates the analyst now believes there is a potential upside of 49.7% from today’s opening price of 200.4 GBX. Over the last 30 and 90 trading days the company share price has decreased 21.8 points and decreased 0.6 points respectively. The 1 year high for the 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 220.23 GBX and the 200 Day Moving Average price is recorded at 230.42. There are currently 1,000,000,000 shares in issue with the average daily volume traded being 5,095,695. Market capitalisation for LON:RMG is £1,991,000,061 GBP.