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Liberum stays at 'hold' on Royal Mail, points out multiple headwinds

Mon 26 July 2021 13:12 | A A A

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(Sharecast News) - Analysts at Liberum kept their recommendation on shares of Royal Mail Group at 'hold', pointing out to clients the multiple headwinds that the parcel delivery company was facing.

In particular, they noted that it remained to be seen whether the outfit's revenue trends would stabilise at current levels once the pandemic was passed.

"If revenue growth takes longer to fade or stabilises at a higher rate than in the past, it may be possible to largely mitigate the forthcoming working week shortening in the UK business," they explained.

But even then, management faced a race to boost productivity.

Liberum also kept its target price for Royal Mail Group at 560.0p.

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