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Likewise Group Plc ( (GB:LIKE) ) has provided an announcement.
Likewise Group Plc has received planning permission to expand its Newport facility, increasing its size from 35,000 to 55,000 square feet. This expansion, funded through internal cash flow, aims to enhance the company’s operational capacity and support its goal of exceeding £200 million in sales revenue, while also boosting employment in South Wales.
The most recent analyst rating on (GB:LIKE) stock is a Hold with a £26.00 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 of 60 reflects a robust financial performance with strong revenue and cash flow growth, though profitability remains a challenge. Technical analysis indicates neutral to slightly bearish momentum, and the high P/E ratio suggests potential overvaluation. The dividend yield offers some support but is not a significant factor.
To see Spark’s full report on GB:LIKE stock, click here.
More about Likewise Group Plc
Likewise Group Plc is a rapidly expanding flooring distributor based in the UK, specializing in logistics networks for flooring products such as Likewise Floors and Valley Wholesale Carpets.
Average Trading Volume: 239,360
Technical Sentiment Signal: Buy
Current Market Cap: £61.17M
See more data about LIKE stock on TipRanks’ Stock Analysis page.