Analysts at Berenberg lowered their target price on postal service operator Royal Mail from 575.0p to 480.0p on Thursday but reiterated their ‘buy’ rating on the stock. Berenberg said weaker parcel numbers and poor employee relations had hampered cost reductions for Royal Mail, leading the company to reduce its group …
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Communications watchdog Ofcom has launched an investigation into postal service and courier company Royal Mail‘s failure to meet its delivery targets over the last twelve months. According to Ofcom rules, Royal Mail must deliver 93% of first class mail within one working day of collection and 98.5% of second class …
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Barclays hiked its price target on Royal Mail to 640p from 550p on Thursday, citing expectations of growth in FY23. The bank said it expects “solid” Christmas trading, as indicated by the recent ‘Barclays UK Spend Trends’ discretionary retail spend signal. “UK domestic volumes continue to be supported by antigen …
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Credit Suisse upped Royal Mail to ‘neutral’ from ‘underperform’ on Friday, hiking the price target 261p from 94p as it said the UK outlook has been improved by pandemic-driven tailwinds. Following new analysis of short-term parcel trends and early indications of letter and parcel revenue baselines beyond the pandemic, the …
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Analysts at Liberum raised their target price on video games developer Team17 from 500.0p to 750.0p on Friday, stating the firm was “moving up”. Liberum said Team17 had, unsurprisingly, enjoyed some “very strong” first-half trading, which drove major upgrades to its earnings forecasts and target price. “We had already expected …
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Royal Mail has been fined £1.5m by its regulator for missing delivery targets for first-class post and £100,000 because it overcharged for second-class stamps. The letters and parcels company is required to deliver at least 93% of first-class post across the UK within one working day of collection but in …
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Analysts at Liberum hiked their target price on British logistics outfit DX from 14.0p to 30.0p on Wednesday, stating the group had executed “a remarkable turnaround”. Liberum said since DX’s current management team arrived on the scene back in October 2017, the group had been refinanced and rescued as its …
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Analysts at Canaccord Genuity hiked their target price for shares of Intermediate Capital Group after revising their earnings estimates for the alternative asset manager fir the next three years higher. The main reason for the target price change was the higher price-to-earnings multiple now assigned by the broker to the …
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