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Home / Stocks and Markets at Lows / Royal Mail (RMG.L) 31-03-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Royal Mail (RMG.L) 31-03-20

Royal Mail (RMG.L) has fallen significantly from the highs of 250.5p. Will the trend carry, or is this the chance to catch a bargain?

 

  • Currently at 127.23p (at time of writing). A rally to the recent highs would be an increase of 96%.
  • Royal Mail (RMG.L) is one of the biggest fallers in the period. It hasn’t yet ‘bounced’ with the wider market.
  • Should this trend be respected, or are we about to see a big bounce?
  • The market will over-react to bad news. Is it is down for good reason, or is this an over-reaction?
  • Investors seeking a bargain should be mindful of underlying performance. Check our website and the company’s website for information on the stock.
  • Shares -52% from 12-month highs; +1% from 12 month lows.

Latest News

08:20:  Deutsche Bank reiterates its sell rating on Royal Mail Plc (RMG) and reduced the target price to 93p (from 100p).

27 Mar:  Royal Mail reiterated its profit estimates for the full year to March 2020, but announced that a dividend would not be paid. It expects the Covid-19 pandemic to impact significantly during this financial year.

28 Feb:  Deutsche Bank reiterates its sell rating on Royal Mail Plc (RMG) and reduced the target price to 100p (from 150p).

21 Feb:  Goldman Sachs reiterates its buy rating on Royal Mail Plc (RMG) and reduced the target price to 280p (from 320p).

19 Feb:  Liberum Capital reiterates its sell rating on Royal Mail Plc (RMG) and reduced the target price to 120p (from 175p).

11 Feb:  Societe Generale has downgraded its rating on Royal Mail Plc (RMG) to sell (from hold) and reduced the target price to 148p (from 200p).

10 Feb:  Berenberg reiterates its sell rating on Royal Mail Plc (RMG) and reduced the target price to 145p (from 150p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


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