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Likewise Group Plc ( (GB:LIKE) ) has shared an announcement.
Likewise Group Plc reports a 7.4% increase in sales revenue for the second half of the financial year, with a notable 13.3% rise in sales for Likewise Floors by the end of October. Despite challenging market conditions and increased costs, the company anticipates profits to surpass previous years and remains on track to achieve its medium-term objectives. The construction of a new distribution hub in Newport and enhancements to logistics networks are expected to boost capacity and support future growth. Additionally, key executives, including the CEO and a non-executive director, have reinvested their interim dividends into company shares, signaling confidence in the company’s future prospects.
The most recent analyst rating on (GB:LIKE) stock is a Hold with a £30.00 price target. To see the full list of analyst forecasts on Likewise Group Plc stock, see the GB:LIKE Stock Forecast page.
Spark’s Take on GB:LIKE Stock
According to Spark, TipRanks’ AI Analyst, GB:LIKE is a Neutral.
The overall stock score is driven primarily by strong financial performance and positive technical indicators. The company’s robust revenue growth and cash flow improvements are significant strengths. However, the high P/E ratio suggests potential overvaluation, which is a notable risk. The absence of earnings call data and corporate events does not impact the score.
To see Spark’s full report on GB:LIKE stock, click here.
More about Likewise Group Plc
Likewise Group Plc is a rapidly expanding UK-based flooring distributor, specializing in providing flooring solutions to independent retailers and flooring contractors. The company focuses on enhancing its logistics infrastructure and sales and marketing activities to increase its market share in the competitive flooring industry.
Average Trading Volume: 283,607
Technical Sentiment Signal: Buy
Current Market Cap: £67.29M
Learn more about LIKE stock on TipRanks’ Stock Analysis page.