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Cordel Executive Increases Stake with On-Market Share Purchase

Story Highlights
  • Cordel’s chief revenue officer Michael Turner bought 96,390 shares at 5.18p each.
  • Turner now holds 296,390 shares, or 0.14% of Cordel’s voting rights, signaling confidence.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Cordel Executive Increases Stake with On-Market Share Purchase

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Cordel Group PLC ( (GB:CRDL) ) has provided an announcement.

Cordel Group PLC reported that Chief Revenue Officer and PDMR Michael Turner has purchased 96,390 ordinary shares in the company on the market at 5.18p per share. Following this transaction, Turner’s total holding has increased to 296,390 shares, representing approximately 0.14% of the company’s voting rights, a move likely to be read by investors as a signal of management confidence in Cordel’s prospects.

The most recent analyst rating on (GB:CRDL) stock is a Hold with a £4.50 price target. To see the full list of analyst forecasts on Cordel Group PLC stock, see the GB:CRDL Stock Forecast page.

Spark’s Take on GB:CRDL Stock

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

The score is held down primarily by weak profitability and cash flow quality despite strong revenue growth, alongside bearish technical signals with the stock trading below major moving averages. Valuation is not supportive because the negative P/E is driven by losses and there is no dividend yield provided.

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

More about Cordel Group PLC

Cordel Group PLC is an AIM-listed provider of specialist hardware and software for the transport sector, focused on capturing, analysing and reporting on large-scale corridor datasets. The company leverages sophisticated artificial intelligence algorithms to deliver transport corridor analytics to rail and other infrastructure operators.

Average Trading Volume: 185,388

Technical Sentiment Signal: Sell

Current Market Cap: £10.63M

See more data about CRDL stock on TipRanks’ Stock Analysis page.

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