The positive trigger for the stock comes from the slightly bullish outlook provided by Barclays Bank for the stock. Analysts...
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 Royal Mail share price is set to open lower this Thursday after British Postal managers announced a strike for...
The Royal Mail share price has seen a period of price recovery following the heavy dip in the first half...
The IDS share price has been in a remarkable sell-off in the past few months as concerns about the company...
Royal Mail share price continued bleeding as the company continues fighting multiple battles that threaten its business. The RMG stock...
The Royal Mail share price has crawled back even after a series of unfortunate events. The RMG stock is trading...
Royal Mail share price ticked up slightly this Tuesday, paring some of Monday’s losses as a new plea by the...
The Royal Mail share price has registered some gains on the day after the company's launch of an all-electric delivery service in Glasgow. The delivery hub in Glasgow will be the first to feature an all-electric fleet of delivery and collection vehicles as the UK prepares to honour its commitments at the 26th United Nations Conference on Climate Change.
Royal Mail share price soars after the company announces a £400 million package for its shareholders. Read on...
The IDS share price has moved sideways in the past few days as investors focused on the company’s growth. The...