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Equities research analysts at Deutsche Bank cut their price target on shares of Royal Mail PLC (LON:RMG) from GBX 486 ($8.25) to GBX 400 ($6.79) in a research note issued to investors on Wednesday. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price objective indicates a potential downside of 6.56% from the stock’s previous close.

RMG has been the subject of a number of other recent research reports. Analysts at Barclays reiterated an “equal weight” rating on shares of Royal Mail PLC in a research note on Wednesday, July 23rd. They now have a GBX 515 ($8.75) price target on the stock. Separately, analysts at Investec cut their price target on shares of Royal Mail PLC from GBX 560 ($9.51) to GBX 490 ($8.32) in a research note on Tuesday, July 22nd. They now have a “hold” rating on the stock. Finally, analysts at Panmure Gordon reiterated a “hold” rating on shares of Royal Mail PLC in a research note on Tuesday, July 22nd. They now have a GBX 485 ($8.24) price target on the stock. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. Royal Mail PLC currently has a consensus rating of “Hold” and an average target price of GBX 541.50 ($9.20).

Royal Mail PLC (LON:RMG) opened at 428.10 on Wednesday. Royal Mail PLC has a 1-year low of GBX 330.00 and a 1-year high of GBX 618.00. The stock’s 50-day moving average is GBX 471.7 and its 200-day moving average is GBX 538.0. The company’s market cap is £4.281 billion.

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

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