Royal Mail (RMG) Share Price London Stock Exchange October 26
Last week the Royal Mail saw a surge in value when it came to shares, jumping more than 25p in just 5 days without much downward movement at all finishing the week at 455.50p. This follows an upward trend reaching back all the way to 2 October, when share values began climbing from their summer-low of 390p.
While the news is good for shareholders it has left analyst and brokers with mixed feelings, several of which who are in contradiction as to how investors should proceed.
That being said, the majority of Friday’s activity saw a significant more share portions being sold than purchased at a 59.11% and 40.89% split.
Currently the Royal Mail is at the halfway point between its year-high and year-low statistics. This most recent week’s events could signal a significant change for the better in terms of values for shareholders.
Berenberg remains the only institution to reiterate a buy recommendation for Royal Mail shares this month. JP Morgan Cazenove reiterated its overweight assessment and Cantor Fitzgerald reiterated its sentiments in favour of selling.