The Royal Mail share price is hovering near its highest level since 2018 as investors remain optimistic that its growth...
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
The positive trigger for the stock comes from the slightly bullish outlook provided by Barclays Bank for the stock. Analysts...
The FTSE 100 has staged a slow recovery in the past few months. The Footsie has risen by more than...
The Royal Mail share price is in a tight range as investors reflect on its spectacular rally and prepare for...
The Royal Mail share price is in the spotlight today after the company published strong quarterly results. The RMG shares...
The Royal Mail share price tumbled by more than 5% on Wednesday as sentiment in the stock waned. It declined...
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...
IDS share price gained 3.8% on Thursday as the overall investor sentiment in the UK stock market improved. The Bank...
Royal Mail share price is down by about 1.35% today as the overall mood in London changes. The stock is...