Hargreaves Services Transfers Treasury Shares to Employee

Hargreaves Services ( (GB:HSP) ) has provided an announcement.

Hargreaves Services plc announced the transfer of 15,777 ordinary shares from treasury to fulfill an employee’s exercise under the Deferred Share Bonus Scheme. This transaction leaves 136,444 shares in treasury and adjusts the total voting rights to 33,002,312. This move is part of the company’s ongoing management of its share capital, potentially impacting shareholder calculations under the Disclosure and Transparency Rules.

Spark’s Take on GB:HSP Stock

According to Spark, TipRanks’ AI Analyst, GB:HSP is a Outperform.

Hargreaves Services scores well due to its robust financial health, strong interim results, and strategic leadership changes that enhance growth prospects. Valuation metrics are attractive with a fair P/E ratio and a high dividend yield. While technical indicators suggest caution with near-term trends, the overall outlook remains positive, bolstered by strong corporate events and a solid balance sheet.

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, primarily 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 offers materials handling, mechanical and electrical contracting services, logistics, and major earthworks, and focuses on sustainable development of brownfield sites. Hargreaves also engages in trading specialist commodities and recycling steel waste material.

YTD Price Performance: 1.02%

Average Trading Volume: 46,812

Technical Sentiment Signal: Sell

Current Market Cap: £186.2M

See more insights into HSP stock on TipRanks’ Stock Analysis page.