Royal Mail plc (OTCMKTS:ROYMF)’s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $6.29 and traded as high as $6.77. Royal Mail shares last traded at $6.77, with a volume of 100 shares changing hands.
Separately, Barclays reaffirmed a “buy” rating and set a $550.00 price objective on shares of Royal Mail in a research report on Wednesday, October 13th.
The firm has a 50-day moving average of $6.29 and a 200 day moving average of $7.11.
Royal Mail Plc engages in the provision of postal and delivery services. It operates through the following segments: Royal Mail and General Logistics Systems (GLS). The Royal Mail segment collects, sorts and delivers letters and parcels across the UK. The GLS segment operates in continental Europe and the Republic of Ireland and has a ground-based deferred parcel delivery network in Europe.
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