Home / Royal Mail / Royal Mail rises as HSBC puts £7bn valuation on the business

Royal Mail rises as HSBC puts £7bn valuation on the business

Analysts point to strong cashflow and dividend hopes, despite growing competition Royal Mail is in demand after a positive note from HSBC. The bank has begun coverage of the postal service with an overweight rating and 710p price target, valuing the business at more than £7bn. There was of course, some controversy over the valuation of the company when the government sold shares last October at …

More: continued here

About admin

Check Also

Four friends write letter asking to walk neighbour’s dog – and get heartwarming response

Four housemates were left disappointed when they realised they were unable to get a dog, …

Leave a Reply

Your email address will not be published. Required fields are marked *