Royal Mail shares price (LON: IDS) is trading sideways as the company’s feud with workers persists. In 2022, the holding...
Royal Mail
Royal Mail is a British postal service and courier company that delivers mail and parcels in the UK and globally.
The company was established in 1516 as a departed of the Government of England and operated as a state department until its 2013 floatation on the London Stock Exchange.
The UK government had a 30% stake in the public company but later sold its entire stake in 2015, marking the end of an era. Royal Mail had been a state department for 499 years.
In recent years, the postal company has struggled amid falling revenues, which saw its shares fell from their all-time highs in May 2018 to their all-time lows in March 2020. However, the coronavirus pandemic and the resulting lockdown measures breathed new life into the company, which has seen its share price soar.
As a result, Royal Mail shares rallied almost to their all-time highs above 600p in June 2021 but have fallen since then.
Still, analysts at JPMorgan are incredibly bullish on the firm and have a price target of 804p. The investment bank believes that the Royal Mail will do much better than its competitors over time. However, only time will tell whether the shares shall rally higher or keep falling. JPMorgan pointed out that the firm has less wage pressure than some of its competitors. Also, its tracked parcel service could outperform in the future.
Royal Mail latest news
Following a rebranding to International Distribution Systems, the Royal Mail share price started an aggressive push to the upside, which...
The IDS share price has moved sideways in the past few days as investors focused on the company’s growth. The...
The IDS share price came under pressure as the Royal Mail strike continued. The stock was trading at 205p on...
The IDS share price has been in a remarkable sell-off in the past few months as concerns about the company...
The Royal Mail share price continued the recent slide on Wednesday after a hefty 5.54% selloff. Today’s drop is the...
Royal Mail share price has been in a strong sell-off as the company’s outlook worsened. The stock crashed to a...
The Royal Mail Share Price opened today’s trading session trading at 262p and is already up by 2 percentage points. Today’s...
The Royal Mail share price has had an underwhelming start to the week as the impact of the strike by...
Royal Mail share price continued bleeding as the company continues fighting multiple battles that threaten its business. The RMG stock...