The Royal Mail Group share price may be up slightly this Friday, but the stock continues to face some severe...
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
Traders who have seen their holdings blown apart from the steep decline in the Royal Mail share price would be...
The Royal Mail share price is in the spotlight in London. The stock is up by about 1% after the...
The Royal Mail share price appears to have temporarily stopped its slide after announcing that the GLS had agreed to...
The Royal Mail share price has been in a tight range in the past few days as investors reflect on...
Royal Mail share price resumes selloff. Sunday Mail alleges Royal Mail has received medical details of NHS Covid Pass app...
The Royal Mail share price moved sideways in October as investors reflected on the company’s growth and its acquisition of...
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.
The Royal Mail share price (LON: RMG) pulled back on Monday and Tuesday after last week’s rally failed to clear...
The Royal Mail share price has attempted to bounce back in the past few weeks. The RMG stock has risen...