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James Halstead ( (GB:JHD) ) has shared an update.
James Halstead plc has bought back 375,000 of its ordinary 5p shares at a weighted price of 1.3689 pence per share and will cancel them rather than hold them in treasury. Following settlement and cancellation, the company’s share capital will comprise 416,411,436 ordinary shares in issue, with no shares held in treasury, thereby slightly reducing the number of voting shares in the market and adjusting the base for shareholders’ disclosure calculations under FCA transparency rules.
The most recent analyst rating on (GB:JHD) stock is a Hold with a £146.00 price target. To see the full list of analyst forecasts on James Halstead stock, see the GB:JHD Stock Forecast page.
Spark’s Take on GB:JHD Stock
According to Spark, TipRanks’ AI Analyst, GB:JHD is a Neutral.
James Halstead’s stock score is primarily driven by its stable financial performance and attractive valuation. However, technical indicators suggest bearish momentum, which could pose short-term risks. The lack of growth in revenue and free cash flow are areas that need attention to improve the overall outlook.
To see Spark’s full report on GB:JHD stock, click here.
More about James Halstead
James Halstead plc is an AIM-quoted commercial flooring manufacturer and international distributor. The company focuses on producing and supplying flooring products for commercial markets worldwide, leveraging its distribution network to serve a broad base of professional and institutional customers.
Average Trading Volume: 428,164
Technical Sentiment Signal: Sell
Current Market Cap: £577.5M
See more insights into JHD stock on TipRanks’ Stock Analysis page.