International Distributions Services (LON:IDS) Trading 1.2% Higher

Shares of International Distributions Services plc (LON:IDS – Get Rating) shot up 1.2% during trading on Tuesday . The company traded as high as GBX 225 ($2.74) and last traded at GBX 223.50 ($2.72). 1,625,117 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 2,447,980 shares. The stock had previously closed at GBX 220.80 ($2.69).

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Barclays reiterated an “equal weight” rating and set a GBX 250 ($3.05) target price on shares of International Distributions Services in a research note on Friday, January 27th. Berenberg Bank reduced their target price on International Distributions Services from GBX 480 ($5.85) to GBX 370 ($4.51) and set a “buy” rating on the stock in a report on Friday, November 18th. JPMorgan Chase & Co. lifted their target price on International Distributions Services from GBX 190 ($2.32) to GBX 240 ($2.93) and gave the company a “neutral” rating in a research report on Tuesday, November 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and set a GBX 120 ($1.46) price objective on shares of International Distributions Services in a research report on Friday, November 18th.

International Distributions Services Trading Up 1.2 %

The company has a market capitalization of £2.14 billion, a PE ratio of 894.00, a P/E/G ratio of 0.90 and a beta of 1.68. The firm’s 50 day moving average price is GBX 230.11. The company has a debt-to-equity ratio of 50.22, a quick ratio of 1.02 and a current ratio of 1.03.

About International Distributions Services

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International Distributions Services plc, together with its subsidiaries, operates as a universal postal service provider. The company offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands. It also provides services for the collection, sorting, and delivery of parcels and letters.