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Royal Mail slips as broker says it is time to sell

Cantor Fitzgerald says valuation is no longer compelling after spectacular rise Royal Mail has, obviously, had a stellar run since its flotation at 330p in October. It hit a peak of 607p – prompting much talk of the government selling it off too cheaply – but could it now be time to sell? That is the view of analyst Robin Byde at Cantor Fitzgerald, who has begun coverage of the group with a sell …

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