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Eleco ( (GB:ELCO) ) has provided an update.
Eleco plc has announced the issuance and allotment of 20,000 new ordinary shares following the exercise of options under its 2014 Share Option Plan. The new shares will be admitted to trading on AIM, increasing the total number of voting rights to 83,577,397. This move reflects Eleco’s ongoing strategic activities to enhance its market presence and shareholder value.
The most recent analyst rating on (GB:ELCO) stock is a Hold with a £176.00 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 overall stock score is driven by its strong financial performance, characterized by robust revenue growth and profitability. However, technical analysis indicates potential short-term weakness, and the high P/E ratio suggests the stock may be overvalued. The absence of earnings call data and corporate events means these factors do not influence the 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. It 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. The company’s software solutions are utilized throughout the building lifecycle, supporting project management, estimation, visualization, Building Information Modelling (BIM), and property management.
Average Trading Volume: 130,843
Technical Sentiment Signal: Buy
Current Market Cap: £137M
For a thorough assessment of ELCO stock, go to TipRanks’ Stock Analysis page.