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The latest update is out from FIH Group plc ( (GB:FIH) ).
FIH Group plc has announced the sale and leaseback of its 100,000 sq ft warehousing facilities in Leyton, used by its art handling and storage business, Momart, to HEPP Mid Box Limited for £22.65 million. This transaction is part of a review of the Group’s financing structure and is expected to generate a profit of approximately £4.4 million before transaction costs and taxes. The company plans to propose a special dividend of 70 pence per share at the upcoming Annual General Meeting, reflecting the positive financial impact of the transaction.
The most recent analyst rating on (GB:FIH) stock is a Hold with a £211.00 price target. To see the full list of analyst forecasts on FIH Group plc stock, see the GB:FIH Stock Forecast page.
Spark’s Take on GB:FIH Stock
According to Spark, TipRanks’ AI Analyst, GB:FIH is a Neutral.
The overall stock score of 51 reflects significant challenges in financial performance, particularly in revenue growth and profitability, which are the most impactful factors. Technical analysis shows mixed signals, with some positive momentum indicators. Valuation metrics are unattractive due to negative earnings and low dividend yield. The absence of earnings call data and corporate events limits additional insights.
To see Spark’s full report on GB:FIH stock, click here.
More about FIH Group plc
FIH Group plc is an AIM-quoted international specialist services group with operations in the Falkland Islands and the UK. The company is involved in various sectors, including art handling and storage through its Momart business.
Average Trading Volume: 6,897
Technical Sentiment Signal: Sell
Current Market Cap: £26.29M
See more data about FIH stock on TipRanks’ Stock Analysis page.