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The latest update is out from Hargreaves Services ( (GB:HSP) ).
Hargreaves Services plc anticipates reporting revenue and profit before tax ahead of market expectations for the year ended 31 May 2025, driven by strong performance in its Services segment and the German joint venture HRMS. The Services business has secured additional contracts, particularly in earthmoving activities, and continues progress on major projects like HS2 and Sizewell C. HRMS has seen significant profitability growth due to improved steel waste recycling operations. The company maintains a solid financial position with cash reserves of £23.3m and minimal debt, positioning it well for future growth.
Spark’s Take on GB:HSP Stock
According to Spark, TipRanks’ AI Analyst, GB:HSP is a Outperform.
Hargreaves Services scores well due to strong financial health and positive technical indicators. The stock’s valuation is attractive, supported by a solid dividend yield. Recent corporate events further bolster confidence in its strategic direction and growth potential.
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 industrial and property sectors, supporting key industries in the UK and South East Asia. The company operates through three business segments: Services, Hargreaves Land, and Hargreaves Raw Materials Services GmbH (HRMS). The Services segment offers materials handling, mechanical and electrical contracting, logistics, and major earthworks. Hargreaves Land focuses on sustainable development of brownfield sites for residential and commercial purposes. HRMS specializes in trading in commodity markets and recycling steel waste material. Headquartered in County Durham, Hargreaves has operational centers in the UK, Hong Kong, and a joint venture in Germany.
Average Trading Volume: 31,472
Technical Sentiment Signal: Strong Buy
Current Market Cap: £218.5M
Find detailed analytics on HSP stock on TipRanks’ Stock Analysis page.