Barclays Reiterates Equal Weight Rating for International Distributions Services (LON:IDS)

Barclays reiterated their equal weight rating on shares of International Distributions Services (LON:IDS) in a research note published on Friday, Marketbeat.com reports. Barclays currently has a GBX 265 ($3.32) price objective on the stock.

International Distributions Services Stock Performance

Shares of LON:IDS opened at GBX 242.30 ($3.03) on Friday. The company’s 50 day simple moving average is GBX 251.65 and its 200 day simple moving average is GBX 240.10. The stock has a market capitalization of £2.32 billion, a price-to-earnings ratio of -266.26, a price-to-earnings-growth ratio of 0.90 and a beta of 1.67. The company has a debt-to-equity ratio of 63.07, a current ratio of 0.99 and a quick ratio of 1.02. International Distributions Services has a 1 year low of GBX 191.20 ($2.39) and a 1 year high of GBX 277.50 ($3.47).

About International Distributions Services

International Distributions Services plc, together with its subsidiaries, operates as a universal postal service provider in the United Kingdom and internationally. 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.