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Investment analysts at Deutsche Bank cut their price objective on shares of Royal Mail PLC (LON:RMG) from GBX 587 ($10.05) to GBX 486 ($8.32) in a note issued to investors on Thursday. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price objective indicates a potential upside of 3.39% from the stock’s previous close.

Shares of Royal Mail PLC (LON:RMG) traded down 1.97% on Thursday, hitting GBX 470.05. The stock had a trading volume of 5,028,294 shares. Royal Mail PLC has a 1-year low of GBX 431.00 and a 1-year high of GBX 618.00. The stock has a 50-day moving average of GBX 492. and a 200-day moving average of GBX 547.8. The company’s market cap is £4.701 billion.

A number of other analysts have also recently weighed in on RMG. Analysts at JPMorgan Chase & Co. cut their price target on shares of Royal Mail PLC from GBX 765 ($13.10) to GBX 745 ($12.75) in a research note on Thursday. They now have an “overweight” rating on the stock. Separately, analysts at Beaufort Securities upgraded shares of Royal Mail PLC to a “buy” rating in a research note on Thursday. Finally, analysts at Espirito Santo Investment Bank Research reiterated a “neutral” rating on shares of Royal Mail PLC in a research note on Wednesday. They now have a GBX 505 ($8.65) price target on the stock. Four research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 588 ($10.07).

Royal Mail plc is a United Kingdom-based holding company. The Company is a provider of postal and delivery services.

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