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According to Bloomberg, the eleven rating agencies actively tracking International Distributions Services plc (OTCMKTS: ROYMY) have collectively assigned the stock a “Hold” rating, representing the company’s consensus recommendation.
Two analysts think that the stock ought to be sold, four think it ought to be held, and one thinks the business ought to be bought.
According to brokerages that rated the company’s stock in the preceding year, the stock is expected to reach an average price target of $318.50 within the next twelve months.
Several equity analysts have shared their opinions and thoughts on the company.
In a research note published on November 22, JPMorgan Chase & Co informed investors that they were increasing their price objective for International Distribution Services.
This represents an increase from the previous price target of GBX 190 ($2.28) to the current price target of GBX 240 ($2.88).
The “buy” rating that HSBC had previously assigned to International Distribution Services was downgraded to a “hold” rating in a research note released on December 12.
Barclays revealed its decision to downgrade International Distribution Services to “equal weight” in a research note made public on October 17 and published on the same day. On Thursday, December 1, BNP Paribas began including information about international distribution services in a report it had been working on.
They gave the stock an “outperform” rating.
International Distribution Services began trading for the first time on Thursday with a share price of $5.69.
The first day of trading was Thursday.
A simple moving average of $5.40 has been calculated for the company over the past 50 days, and a simple moving average of $5.52 has been calculated over the last 200 days.
The one-year low for International Distribution Services is $3.90, while the one-year high for the company’s stock is $12.35.
The company known as International Distribution Services plc provides postal and delivery services. General Logistics Systems and Royal Mail are the two primary business divisions under which it conducts its operations (GLS).
The collection, organization, and delivery of letters and packages across the entirety of the United Kingdom are the purview of the Royal Mail division.
The GLS business sector is responsible for operating and maintaining a ground-based, delayed parcel delivery network that spans the entirety of Europe.
These operations are in addition to those conducted in the Republic of Ireland and continental Europe.
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