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Distil plc ( (GB:DIS) ) just unveiled an update.
Distil plc announced the opening of the Ardgowan Distillery, marking a significant milestone with the filling of its first casks. The distillery, which aims for carbon neutrality, is the first in the Inverclyde region in over a century and was opened by Scotland’s Deputy First Minister. The project, supported by a £3m investment from Distil, welcomed around 2,000 visitors to celebrate with tours and tastings. This development strengthens Distil’s partnership with Ardgowan and enhances its position in the Scotch whisky market.
Spark’s Take on GB:DIS Stock
According to Spark, TipRanks’ AI Analyst, GB:DIS is a Neutral.
Distil plc’s overall stock score is primarily impacted by weak financial performance, characterized by declining revenues, profitability, and cash flow issues. While corporate events offer potential growth prospects, valuation concerns and technical analysis indicate a mixed market sentiment.
To see Spark’s full report on GB:DIS stock, click here.
More about Distil plc
Distil plc is a company that owns premium drinks brands such as RedLeg Spiced Rum, Blackwoods Gin and Vodka, and Blavod Black Vodka. The company focuses on the premium drinks industry, investing in projects like the Ardgowan Distillery to expand its market presence.
Average Trading Volume: 16,815,534
Technical Sentiment Signal: Hold
Current Market Cap: £3.41M
See more data about DIS stock on TipRanks’ Stock Analysis page.