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Royal Mail PLC 8.5% Potential Upside Indicated by HSBC

Royal Mail PLC using EPIC/TICKER code (LON:RMG) had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘HOLD’ this morning by analysts at HSBC. Royal Mail PLC are listed in the Industrials sector within UK Main Market. HSBC have set their target price at 216 GBX on its stock. This is indicating the analyst believes there is a potential upside of 8.5% from the opening price of 199.1 GBX. Over the last 30 and 90 trading days the company share price has decreased 42.8 points and decreased 57.1 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 243.03 GBX and a 200 Day Moving Average share price is recorded at 311.60. There are currently 1,000,000,000 shares in issue with the average daily volume traded being 11,829,146. Market capitalisation for LON:RMG is £1,983,000,030 GBP.