International Distributions Services PLC 10.0% potential upside indicated by JP Morgan

International Distributions Services PLC with ticker (LON:IDS) now has a potential upside of 10.0% according to JP Morgan.

JP Morgan set a target price of 250 GBX for the company, which when compared to the International Distributions Services PLC share price of 227 GBX at opening today (11/04/2023) indicates a potential upside of 10.0%. Trading has ranged between 174 (52 week low) and 364 (52 week high) with an average of 3,527,139 shares exchanging hands daily. The market capitalisation at the time of writing is £2,212,249,518.

International Distributions Services PLC, formerly Royal Mail plc, is a United Kingdom-based company, which provides postal and delivery services across its network. The Company operates throughout the United Kingdom and offers letter and parcel delivery services internationally. It operates through two principal businesses: Royal Mail and General Logistics Systems (GLS). The Royal Mail business collects, sorts and delivers letters and parcels. Royal Mail delivers a one-price-goes-anywhere service on a range of letters and parcels to over 31 million addresses across the United Kingdom, six days a week. The GLS business is a ground-based provider of deferred parcel delivery services in Europe with a presence in North America. GLS operates in approximately 41 countries across Europe. It offers services to suit every customer, including consumers, sole traders, small and medium-sized enterprises, large businesses and access operators. It also provides Sunday parcel deliveries.