ProService Issues New Shares to EBT, Sets Updated Voting Rights Total

HSS Hire ( (GB:PRO) ) just unveiled an announcement.

ProService Building Services Marketplace has issued 4,102,686 new ordinary shares to its Employee Benefit Trust to satisfy exercises of awards under its long-term incentive plans, with the EBT now holding 0.5% of the company’s issued share capital. Application has been made for the new shares to be admitted to trading on AIM, after which ProService will have 798,584,277 ordinary shares in issue and an equivalent number of voting rights, a figure shareholders will use for regulatory disclosure calculations under the FCA’s transparency rules.

The most recent analyst rating on (GB:PRO) stock is a Hold with a £8.00 price target. To see the full list of analyst forecasts on HSS Hire stock, see the GB:PRO Stock Forecast page.

Spark’s Take on GB:PRO Stock

According to Spark, TipRanks’ AI Analyst, GB:PRO is a Neutral.

HSS Hire’s overall stock score is primarily impacted by its poor financial performance and weak technical indicators. The company’s high leverage and declining profitability are significant concerns. The technical analysis suggests bearish momentum, and the negative P/E ratio highlights valuation challenges. The absence of earnings call data and corporate events means these factors do not influence the score.

To see Spark’s full report on GB:PRO stock, click here.

More about HSS Hire

ProService Building Services Marketplace plc, formerly HSS Hire Group plc, is a technology-driven digital marketplace focused on connecting buyers and sellers across a wide range of building services. The group provides scalable, differentiated solutions spanning equipment hire, resale, building materials, training and related services, targeting the broader construction and building services market.

Average Trading Volume: 868,515

Technical Sentiment Signal: Strong Sell

Current Market Cap: £51.56M

See more insights into PRO stock on TipRanks’ Stock Analysis page.