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Hercules Site Services Plc ( (GB:HERC) ) has provided an announcement.
Hercules plc has acquired a 70% stake in Lyons Power Services Ltd, a provider of power and energy infrastructure services, for £702,800. This acquisition is part of Hercules’ strategy to expand its service offerings and strengthen its position in the power and energy sector, aligning with the UK’s major electrical infrastructure upgrade plans. The acquisition follows Hercules’ earlier purchase of Advantage NRG Ltd, further cementing its presence in the sector and offering long-term growth opportunities.
The most recent analyst rating on (GB:HERC) stock is a Hold with a £49.00 price target. To see the full list of analyst forecasts on Hercules Site Services Plc stock, see the GB:HERC Stock Forecast page.
Spark’s Take on GB:HERC Stock
According to Spark, TipRanks’ AI Analyst, GB:HERC is a Neutral.
Hercules Site Services Plc scores well due to its strategic acquisitions and positive corporate developments, which suggest potential for future growth. However, challenges with profitability and leverage, along with technical indicators showing bearish momentum, moderate the overall score.
To see Spark’s full report on GB:HERC stock, click here.
More about Hercules Site Services Plc
Hercules plc is a technology-enabled labor supply company serving the UK infrastructure and construction sectors. The company focuses on providing skilled labor and services, particularly in high-growth areas such as energy and power infrastructure.
Average Trading Volume: 81,798
Technical Sentiment Signal: Sell
Current Market Cap: £27.31M
See more insights into HERC stock on TipRanks’ Stock Analysis page.