TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The latest announcement is out from The Parkmead ( (GB:PMG) ).
The Parkmead Group reported a transformative year with a 49% increase in profit after tax to £7.35 million and a significant rise in earnings per share. The company strategically divested its North Sea oil licenses, generating near-term value and potential future payments, while expanding its renewable energy projects and maintaining strong performance in its Netherlands gas assets. Parkmead’s financial position has strengthened, with increased cash reserves and net assets, positioning it well for future growth opportunities in renewable energies and natural gas.
The most recent analyst rating on (GB:PMG) stock is a Hold with a £17.50 price target. To see the full list of analyst forecasts on The Parkmead stock, see the GB:PMG Stock Forecast page.
Spark’s Take on GB:PMG Stock
According to Spark, TipRanks’ AI Analyst, GB:PMG is a Neutral.
The overall stock score is bolstered by strong technical analysis and positive corporate events, indicating a strategic shift towards renewables. Financial performance shows areas needing improvement, particularly in revenue and cash flow. Valuation metrics suggest the stock is currently undervalued.
To see Spark’s full report on GB:PMG stock, click here.
More about The Parkmead
The Parkmead Group is an independent energy company focusing on growth through gas and renewable energy projects. It operates in the energy sector, with a market focus on both traditional gas production and renewable energy initiatives.
Average Trading Volume: 116,029
Technical Sentiment Signal: Sell
Current Market Cap: £14.31M
See more data about PMG stock on TipRanks’ Stock Analysis page.