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Angling Direct Plc ( (GB:ANG) ) just unveiled an update.
Angling Direct plc reported a strong performance in the first half of its 2026 financial year, with a 17% increase in total revenue to £53.6m. The company’s UK business saw significant growth in both retail and online sales, supported by the expansion of its MyAD customer loyalty club and new store openings. In Europe, the Utrecht store marked its first full year of trading, contributing to increased customer visits and sales in key markets like Germany and the Netherlands. Despite a decrease in net cash due to strategic investments, Angling Direct remains confident in achieving its medium-term revenue target of £100m, supported by a strong balance sheet and ongoing store expansion.
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 its network of over 50 UK retail stores and a robust digital platform. Angling Direct aims to inspire fishing enthusiasts of all backgrounds and abilities, promoting outdoor experiences with a focus on community and environmental care.
Average Trading Volume: 49,115
Technical Sentiment Signal: Strong Buy
Current Market Cap: £33.26M
Learn more about ANG stock on TipRanks’ Stock Analysis page.