International Distributions Services PLC 24.6% potential upside indicated by Barclays

International Distributions Services PLC with ticker (LON:IDS) now has a potential upside of 24.6% according to Barclays.

Barclays set a target price of 250 GBX for the company, which when compared to the International Distributions Services PLC share price of 201 GBX at opening today (23/05/2023) indicates a potential upside of 24.6%. Trading has ranged between 174 (52 week low) and 332 (52 week high) with an average of 1,775,274 shares exchanging hands daily. The market capitalisation at the time of writing is £1,931,510,264.

International Distributions Services plc is a United Kingdom-based provider of postal and delivery services. The Company also provides designated universal postal service in the United Kingdom. The Company’s subsidiary, Royal Mail Group Limited, comprises the Company’s United Kingdom and international parcels and letters delivery businesses operating under the Royal Mail and Parcelforce Worldwide brands. Through the Royal Mail Core Network, the Company delivers a one-price-goes-anywhere service on a range of parcels and letters products. Royal Mail has the capability to deliver to approximately 31 million addresses in the United Kingdom, six days a week (excluding United Kingdom public holidays). Parcelforce Worldwide operates a separate United Kingdom network, which collects and delivers express parcels. The Company also owns General Logistics Systems (GLS), which operates a ground-based, deferred parcel delivery networks in Europe.