Carr’s Group Updates Share Capital and Voting Rights

Carr’s Group plc ( (GB:CARR) ) has shared an update.

Carr’s Group plc has announced that its issued share capital now consists of 94,446,555 ordinary shares, each carrying one vote at general meetings. This update is significant for shareholders as it affects the calculations for notifying changes in their interests under the Financial Conduct Authority’s Disclosure and Transparency Rules.

Spark’s Take on GB:CARR Stock

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

Carr’s Group plc faces significant profitability challenges, with declining revenues and negative earnings impacting its financial performance. Despite this, the company maintains a stable balance sheet and shows potential for strategic improvement following the sale of its Engineering Division. Technical indicators suggest weak momentum, and valuation metrics highlight concerns, although a decent dividend yield provides some shareholder return. Corporate events add a positive outlook, but substantial work is needed to address profitability and growth.

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

More about Carr’s Group plc

Carr’s Group plc operates in the agriculture and engineering sectors, providing products and services that cater to the needs of the farming community and industrial clients. The company focuses on delivering innovative solutions and high-quality products to enhance productivity and efficiency in these industries.

YTD Price Performance: 11.54%

Average Trading Volume: 73,513

Technical Sentiment Signal: Sell

Current Market Cap: £120.4M

Find detailed analytics on CARR stock on TipRanks’ Stock Analysis page.