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Royal Mail Plc (LON:RMG) target price lowered to 450.00GBX, reported today by Cantor Fitzgerald

Yesterday Royal Mail Plc (LON:RMG) traded 0.94% higher at 432.50GBX. The company’s 50-day moving average is 392.54GBX and its 200-day moving average is 412.50GBX. The last stock close price is up -8.65% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 21,433,595 shares of the stock were exchanged, up from an average trading volume of 3,753,460

Royal Mail Plc (LON:RMG) had its target price lowered to 450.00GBX by Cantor Fitzgerald in a report released 6/21/2017. The new target price indicates a possible upside of 0.04% based on the company's last stock close price.

Previously on 6/9/2017, Liberum Capital reported about Royal Mail Plc (LON:RMG) held steady the target price at 400.00GBX. At the time, this indicated a possible downside of -0.08%.

See Chart Below

Royal Mail Plc (LON:RMG)

Royal Mail Plc has a 52 week low of 370.01GBX and a 52 week high of 526.00GBX with a P/E ratio of 13.80 Royal Mail Plc’s market capitalization is currently 0 GBX.

In addition to Cantor Fitzgerald reporting its stock price target, a total of 12 brokerages have issued a research note on the company. The average stock price target is 503.42GBX with 2 brokerages rating the stock a strong buy, 4 brokerages rating the stock a buy, 6 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 2 brokerages rating the stock a sell.

Brief Synopsis On Royal Mail Plc (LON:RMG)

Royal Mail plc provides postal services. The Company's segments include UK Parcels, International & Letters (UKPIL), General Logistics Systems (GLS) and Other. UKPIL operates in the United Kingdom collecting and delivering parcels and letters through approximately two main networks, the Royal Mail Core Network and Parcelforce Worldwide. UKPIL provides letter and parcel services to and from countries around the world under reciprocal arrangements with other overseas postal administrations. It is also responsible for the design and production of the United Kingdom's stamps and philatelic products. Parcelforce Worldwide is an express parcels business. The Company operates across a network of approximately 50 depots throughout the United Kingdom. GLS operates in continental Europe and the Republic of Ireland and has a ground-based deferred parcel delivery network in Europe. GLS provides parcel and express services, as well as logistics solutions.

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