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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

 

Click to enlarge

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