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Eleco ( (GB:ELCO) ) has provided an update.
Eleco plc announced the issuance and allotment of 100,000 new ordinary shares following the exercise of options by CEO Jonathan Hunter under the 2014 Share Option Plan. This move increases Hunter’s interest in the company to 148,361 shares, representing 0.177% of the issued share capital. The new shares are set to be admitted to trading on AIM, with Eleco’s total voting rights rising to 83,677,397. This development reflects Eleco’s ongoing commitment to strengthening its leadership’s stake in the company, potentially enhancing its market position and investor confidence.
The most recent analyst rating on (GB:ELCO) stock is a Hold with a £167.00 price target. To see the full list of analyst forecasts on Eleco stock, see the GB:ELCO Stock Forecast page.
Spark’s Take on GB:ELCO Stock
According to Spark, TipRanks’ AI Analyst, GB:ELCO is a Neutral.
Eleco’s strong financial performance is the most significant factor, showcasing robust growth and profitability. However, technical analysis indicates bearish momentum, and the high P/E ratio suggests potential overvaluation. These factors collectively result in a moderate overall stock score.
To see Spark’s full report on GB:ELCO stock, click here.
More about Eleco
Eleco plc is an AIM-listed specialist international provider of software and related services to the built environment. The company operates through brands such as Elecosoft, BestOutcome, PEMAC, Vertical Digital, and Veeuze, with centers in the UK, Ireland, Sweden, Germany, the Netherlands, Romania, and the USA. Its software solutions are used throughout the building lifecycle, supporting project management, estimation, visualization, Building Information Modelling (BIM), and property management.
Average Trading Volume: 142,389
Technical Sentiment Signal: Buy
Current Market Cap: £124.1M
Learn more about ELCO stock on TipRanks’ Stock Analysis page.