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Home / Stocks and Markets at Lows / Royal Mail (RMG.L) 04-03-20

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

Royal Mail (RMG.L) 04-03-20

Royal Mail (RMG.L) has dropped from highs of 265.3p. Will it continue, or could you pick up a bargain?

 

  • Now trading at 160.11p (at time of writing). A return to period highs would mean a rise of 65%.
  • These shares are amongst the most significant fallers in the period.
  • Markets constantly over-react to adverse news. Traders should consider whether the fall is reasonable, or is this another over-reaction?
  • Bargain hunters should be mindful of the underlying fundamentals.
  • Shares -40% from 12-month highs; +0% from 12 month lows.

Latest News

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).

10 Feb:  Credit Suisse reiterates its underperform rating on Royal Mail Plc (RMG) and reduced the target price to 138p (from 152p).

07 Feb:  Rico Back, Chief Executive Officer, bought 300,000 shares within the firm on the 6th February 2020 at a price of 179.23p. This Director currently has 1,701,921 shares.

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

 

Click to enlarge

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