https://www.proactiveinvestors.co.uk/co ... 06532.html
Liberum repeated its sell advice on Royal Mail-owner International Distributions Services PLC (LSE:IDS) (IDS) after the Communications Workers Union (CWU) won an overwhelming mandate for further strike action.
“With the financial pain from industrial action not proving critical for either Royal Mail or CWU members, it does not appear that an end to the dispute is in sight,” the broker said in a note to clients.
Liberum reckons the stock is worth 135p. The shares are currently changing hands for 227.8p, down 1.3%.
Only three banks and brokerages are positive on IDS out of the 13 that follow the group. The consensus price target is 254p, a 10% premium to the current valuation.
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Royal Mail hit with sell note after strike mandate
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Royal Mail hit with sell note after strike mandate
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