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Colefax ( (GB:CFX) ) just unveiled an announcement.
Colefax Group PLC reported a 7.8% increase in sales for its Fabric Division over 19 weeks, with notable growth in the US and UK markets. Despite this positive performance, the company remains cautious due to new US import tariffs and a weaker US dollar, which are expected to increase costs and potentially impact sales volumes, aligning current year performance with expectations.
The most recent analyst rating on (GB:CFX) stock is a Buy with a £950.00 price target. To see the full list of analyst forecasts on Colefax stock, see the GB:CFX Stock Forecast page.
Spark’s Take on GB:CFX Stock
According to Spark, TipRanks’ AI Analyst, GB:CFX is a Outperform.
Colefax’s strong financial performance and attractive valuation are key strengths, supporting a positive outlook. However, technical indicators suggest caution due to overbought conditions, which could lead to short-term volatility.
To see Spark’s full report on GB:CFX stock, click here.
More about Colefax
Colefax Group PLC operates in the fabric industry, focusing on the design and distribution of luxury furnishing fabrics. The company’s primary market is the United States, which constitutes a significant portion of its sales.
Average Trading Volume: 1,583
Technical Sentiment Signal: Strong Buy
Current Market Cap: £49.79M
For detailed information about CFX stock, go to TipRanks’ Stock Analysis page.