TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Capital Drilling ( (GB:CAPD) ) has provided an announcement.
Capital Limited has successfully raised £31 million through a share placement, issuing 28,581,503 new common shares at a price of 107 pence per share. The funds will enhance the company’s balance sheet capacity, supporting its growth strategy amid a favorable demand environment and tightening equipment market. This financial move is expected to enable Capital Limited to seize emerging growth opportunities and continue delivering long-term shareholder value.
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 is a leading mining services company that provides a range of services to the mining industry. The company is focused on capitalizing on favorable market conditions and increasing demand for its services, particularly in the context of robust commodity prices and heightened exploration budgets.
Average Trading Volume: 252,639
Technical Sentiment Signal: Buy
Current Market Cap: £224.3M
See more insights into CAPD stock on TipRanks’ Stock Analysis page.