Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Angling Direct Plc ( (GB:ANG) ) has shared an announcement.
Angling Direct reported a strong performance for the first half of 2026, with a 17% increase in total revenue to £53.6 million. The company saw significant growth in UK retail and online sales, driven by its expanding customer base and the success of its MyAD loyalty program. The company opened new stores in Chester and Bradford, bringing the total to 55 stores across England and Wales. In Europe, the Utrecht store marked its first anniversary with increased customer visits, while the digital business focused on Germany and the Netherlands. Despite a decrease in net cash due to investments, Angling Direct remains confident in meeting its medium-term revenue target of £100 million.
The most recent analyst rating on (GB:ANG) stock is a Hold with a £49.00 price target. To see the full list of analyst forecasts on Angling Direct Plc stock, see the GB:ANG Stock Forecast page.
Spark’s Take on GB:ANG Stock
According to Spark, TipRanks’ AI Analyst, GB:ANG is a Neutral.
Angling Direct Plc’s overall stock score is driven by strong financial performance and strategic corporate actions such as share buybacks and expansion efforts. However, technical indicators suggest bearish momentum, and the stock’s valuation appears high relative to peers, which tempers the overall score.
To see Spark’s full report on GB:ANG stock, click here.
More about Angling Direct Plc
Angling Direct is a leading omni-channel specialist fishing tackle retailer in the UK, with a growing presence in Europe. The company, headquartered in Norfolk, UK, offers a wide range of fishing tackle products and related equipment through over 50 UK retail stores and a robust digital platform. It also operates the MyAD Fishing Club app and has native language websites for key European markets, with distribution managed from the Netherlands.
Average Trading Volume: 49,115
Technical Sentiment Signal: Strong Buy
Current Market Cap: £33.26M
For a thorough assessment of ANG stock, go to TipRanks’ Stock Analysis page.