Here's why this analyst thinks Royal Mail shares could go higher still

Royal Mail's announcement of a management team reshuffle has already been met with glee by one analyst.

Robin Speakman of Shore Capital says that the changes "reflect transformation progress", and Speakman is convinced that the delivery company still has "strong potential ... for profitable growth and development".

Shore Capital are maintaing a "buy" rating on Royal Mail stock. Royal Mail shares are currently trading at around 581p, having slipped by about 0.4 per cent after today's announcement.

Speakman also points to strong figures from the British Retail Consortium this Friday, which suggest that the Christmas period saw a 19 per cent increase in Christmas sales.

This suggests a "positive trading backdrop for parcel volumes for Royal Mail’s second half trading period through to end March 2014", says Speakman.