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Royal Mail rises as HSBC puts £7bn valuation on the business

Analysts point to strong cashflow and dividend hopes, despite growing competition Royal Mail is in demand after a positive note from HSBC. The bank has begun coverage of the postal service with an overweight rating and 710p price target, valuing the business at more than £7bn. There was of course, some controversy over the valuation of the company when the government sold shares last October at …

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