Royal Mail ‘golden share' agreement with government sparks broker surprise
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International Distributions Services plc, owner of Royal Mail, received a share rating upgrade from Panmure Liberum due to the UK government's expected approval of EP Group's takeover. The target price was increased to 368p from 200p.
December 17, 2024 | 10:00 am
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International Distributions Services plc, trading as ROYMY in the US, saw its share rating upgraded by Panmure Liberum due to the anticipated approval of EP Group's takeover by the UK government. The target price was raised significantly.
The upgrade from 'sell' to 'hold' and the significant increase in target price from 200p to 368p suggest a positive outlook for ROYMY. The anticipated government approval of the takeover is a key factor driving this optimism.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90