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Carr’s Group Reports Successful First Year with Seales Winslow in New Zealand

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Carr’s Group Reports Successful First Year with Seales Winslow in New Zealand

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An announcement from Carr’s Group plc ( (GB:CARR) ) is now available.

Carr’s Group plc has successfully completed the first year of its strategic distribution partnership with Seales Winslow in New Zealand, following the closure of its sub-scale business in the region. This partnership has led to improved profit generation and growth, with products distributed through major rural retailers. The standout product, Pre-Calver, has seen significant sales, and the broader portfolio shows potential for further market penetration. New Zealand’s extensive livestock market continues to drive demand for high-quality supplements, and Carr’s Group anticipates further benefits as the partnership progresses.

The most recent analyst rating on (GB:CARR) stock is a Hold with a £148.00 price target. To see the full list of analyst forecasts on Carr’s Group plc stock, see the GB:CARR Stock Forecast page.

Spark’s Take on GB:CARR Stock

According to Spark, TipRanks’ AI Analyst, GB:CARR is a Neutral.

Carr’s Group plc’s overall stock score is primarily impacted by its financial performance challenges, including declining revenues and negative income. Technical analysis indicates weak momentum, while valuation concerns are highlighted by a negative P/E ratio. The dividend yield offers some investor return, but the overall outlook remains cautious.

To see Spark’s full report on GB:CARR stock, click here.

More about Carr’s Group plc

Carr’s Group plc is an international specialist in agriculture manufacturing, focusing on research-driven, value-added livestock supplements. The company aims to enhance global food security by improving pasture grazing productivity through its nutritional animal supplements, including feed licks, blocks, bagged minerals, and boluses for various livestock. Carr’s Group operates manufacturing sites in the UK, Germany, and the USA, and serves customers in over 20 countries.

Average Trading Volume: 64,003

Technical Sentiment Signal: Buy

Current Market Cap: £72.41M

See more insights into CARR stock on TipRanks’ Stock Analysis page.

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