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The latest announcement is out from James Halstead ( (GB:JHD) ).
James Halstead plc has bought back 375,000 of its 5p ordinary shares at a corrected weighted price of 136.89 pence per share and will cancel the repurchased stock rather than holding it in treasury. Following settlement and cancellation, the total number of ordinary shares in issue will fall to 416,411,436, setting the new base for shareholder voting rights and regulatory disclosure thresholds under the FCA’s 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 a commercial flooring manufacturer and international distributor, listed on AIM, supplying flooring products to customers across global markets.
Average Trading Volume: 428,164
Technical Sentiment Signal: Sell
Current Market Cap: £577.5M
Find detailed analytics on JHD stock on TipRanks’ Stock Analysis page.