The stock of Royal Mail PLC (LON:RMG) is a huge mover today! The stock increased 0.69% or GBX 3.2 on November 18, hitting GBX 467.2. About 9.13 million shares traded hands or 191.69% up from the average. Royal Mail PLC (LON:RMG) has declined 4.37% since April 21, 2016 and is downtrending. It has underperformed by 8.80% the S&P500.
The move comes after 6 months negative chart setup for the GBX 4.34 billion company. It was reported on Nov, 18 by Barchart.com. We have GBX 434.50 PT which if reached, will make LON:RMG worth GBX 303.80M less.
Royal Mail PLC (LON:RMG) Ratings Coverage
Out of 18 analysts covering Royal Mail Plc (LON:RMG), 5 rate it a “Buy”, 4 “Sell”, while 9 “Hold”. This means 28% are positive. Royal Mail Plc has been the topic of 82 analyst reports since July 29, 2015 according to StockzIntelligence Inc. As per Tuesday, November 24, the company rating was maintained by Credit Suisse. As per Friday, May 20, the company rating was maintained by Beaufort Securities. The firm earned “Overweight” rating on Tuesday, November 17 by JP Morgan. The company was maintained on Tuesday, July 21 by Panmure Gordon. On Monday, December 7 the stock rating was maintained by UBS with “Neutral”. The firm earned “Hold” rating on Friday, November 18 by Beaufort Securities. As per Friday, January 22, the company rating was maintained by Deutsche Bank. Cantor Fitzgerald downgraded Royal Mail PLC (LON:RMG) on Thursday, November 17 to “Hold” rating. The company was maintained on Wednesday, July 29 by JP Morgan. The rating was maintained by Cantor Fitzgerald with “Buy” on Wednesday, May 25.
Another recent and important Royal Mail PLC (LON:RMG) news was published by Fool.Co.Uk which published an article titled: “Don’t buy Barclays plc or Royal Mail plc until you read this!” on May 05, 2016.
Royal Mail plc provides postal services. The company has a market cap of 4.34 billion GBP. The Company’s divisions include UK Parcels, International & Letters , General Logistics Systems (GLS) and Other. It has a 22.05 P/E ratio. 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.
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