Royal Mail (RMG.L) 21-11-19
Will Royal Mail (RMG.L) shares break below the 194p support zone, or will it return to highs of 231p (+19%)?
- Currently trading around the 194p support at 193.99p (at time of writing).
- The price has tested this level repeatedly. Traders should be mindful of stop-loss placement.
- Highs of 231p have been seen in the recent past. Will we see this again? (+19%)
- Shares -42% from 12-month highs; +3% from 12 month lows.
Latest News
21 Nov: Shares in Royal Mail declined dramatically this morning, after the company warned that possible industrial action result in a loss or break-even next year.
08 Nov: Royal Mail announced that it would apply to Britain’s high court to block planned strikes.
29 Oct: JP Morgan Cazenove has downgraded its rating on Royal Mail Plc (RMG) to underweight (from neutral) and reduced the target price to 192p (from 252p).
28 Oct: Goldman Sachs reiterates its buy rating on Royal Mail Plc (RMG) and reduced the target price to 310p (from 320p).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires