The Royal Mail share price had a difficult month in August. The RMG stock declined from a monthly high of...
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
After three days of gains, the Royal Mail share price closed above the 200-Day Moving Average on Monday for the...
The Royal Mail share price is in the spotlight today after the company published strong quarterly results. The RMG shares...
Royal Mail share price found its way into the FTSE 100’s losers chart after it warned that the easing of...
Royal Mail (LON: IDS) share price is having a strong pullback after a good start of the year. The shares...
The Royal Mail share price has collapsed to the lowest level since January 2021 as investors continue worrying about the...
Royal Mail share price resumes selloff. Sunday Mail alleges Royal Mail has received medical details of NHS Covid Pass app...
The ascent in the Royal Mail share price has suffered a momentary stall. However, this brief dip has more to...
The Royal Mail share price has continued to hold strong despite data showing the company struggling financially and failing to...
The strong Royal Mail share price rally has faded recently. The RMG share price is trading at 500p, which is...