Royal Mail (LON: IDS) share experienced a high volatility today. The shares of the British postal service opened lower on...
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
British stocks, including Royal Mails (LON: IDS) shares remain cautious as the global stock rally cools down. The recently released...
Royal Mail share remains on an upward trajectory for the third consecutive day, as UK stocks join the global rally....
IDS share price gained 3.8% on Thursday as the overall investor sentiment in the UK stock market improved. The Bank...
Royal Mail (LON: IDS) share price suffered a 9.5% correction after facing rejection from the key trendline that I mentioned...
Royal Mail (LON: IDS) share price has been consolidating for the last few weeks after the mail distributor’s share price...
Royal Mail (LON: IDS) share price has been on fire for the past few weeks. The shares of the postal...
Royal Mail (LON: IDS) share price has rebounded very strongly from its May 2023 lows. The shares of the British...
Royal Mail (LON: IDS) share price has played out almost exactly as I forecasted in my previous analysis. The shares...
Royal Mail (LON: IDS) share price turned green on Monday after opening lower. The shares started the week from fresh...