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Hargreaves Services ( (GB:HSP) ) just unveiled an update.
Hargreaves Services plc announced that its CEO, Gordon Banham, through his wholly-owned company GB Holdings (2021) Limited, purchased 7,600 ordinary shares at 650 pence each, increasing his stake to 8.45% of the company’s issued shares. This transaction underscores Banham’s confidence in the company’s prospects and could positively influence stakeholder perceptions, potentially impacting the company’s market position and investor relations.
The most recent analyst rating on (GB:HSP) stock is a Hold with a £772.00 price target. To see the full list of analyst forecasts on Hargreaves Services stock, see the GB:HSP Stock Forecast page.
Spark’s Take on GB:HSP Stock
According to Spark, TipRanks’ AI Analyst, GB:HSP is a Neutral.
Hargreaves Services’ strong financial performance, characterized by robust revenue growth and cash flow, is the primary driver of its score. The technical analysis indicates some short-term weakness, while the valuation is balanced with a reasonable P/E ratio and attractive dividend yield.
To see Spark’s full report on GB:HSP stock, click here.
More about Hargreaves Services
Hargreaves Services plc is a diversified group providing services to the environmental, infrastructure, and property sectors, with operations in the UK and South East Asia. The company operates through three segments: Services, Hargreaves Land, and a German joint venture, Hargreaves Raw Materials Services GmbH. It supports industries such as Connectivity, Clean Energy, and Environmental through materials handling, mechanical and electrical contracting, logistics, and major earthworks. Hargreaves Land focuses on sustainable development of brownfield sites, while HRMS trades in specialist commodity markets and owns a steel waste recycling company.
Average Trading Volume: 44,398
Technical Sentiment Signal: Buy
Current Market Cap: £218.8M
Find detailed analytics on HSP stock on TipRanks’ Stock Analysis page.