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An update from Capital Drilling ( (GB:CAPD) ) is now available.
Capital Limited has successfully raised £31 million through a share placing to support its growth strategy amid a favorable demand environment and a tightening equipment market. The company plans to issue the shares in two tranches, with a general meeting scheduled to approve the second tranche, aiming to enhance its market positioning and operational capacity.
The most recent analyst rating on (GB:CAPD) stock is a Buy with a £132.00 price target. To see the full list of analyst forecasts on Capital Drilling stock, see the GB:CAPD Stock Forecast page.
Spark’s Take on GB:CAPD Stock
According to Spark, TipRanks’ AI Analyst, GB:CAPD is a Outperform.
Capital Drilling’s overall stock score is driven by strong technical indicators and solid financial performance, particularly in cash flow generation. While the valuation is reasonable, the decline in revenue growth and operational margins presents a risk that needs to be monitored. The absence of earnings call data and corporate events means these factors did not influence the score.
To see Spark’s full report on GB:CAPD stock, click here.
More about Capital Drilling
Capital Limited operates in the drilling industry, providing drilling services and equipment to various sectors. The company focuses on capitalizing on favorable demand environments and managing equipment market dynamics to drive growth.
Average Trading Volume: 259,923
Technical Sentiment Signal: Buy
Current Market Cap: £218.4M
See more insights into CAPD stock on TipRanks’ Stock Analysis page.