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Rosebank Industries Plc ( (GB:ROSE) ) has provided an update.
Rosebank Industries Plc has announced a trading update following its acquisition of Electrical Components International (ECI). The company has implemented a strategic plan with ECI management, which includes a restructuring program and cost reductions, aiming to enhance operating margins and shareholder returns. The acquisition has led to a significant increase in adjusted operating margins, with expectations to meet full-year targets. Rosebank is actively seeking further acquisition opportunities in North America, while also preparing for a main market listing. The integration of ECI is on track, with financial systems aligned and no unexpected issues identified in the balance sheet review.
The most recent analyst rating on (GB:ROSE) stock is a Buy with a £4.35 price target. To see the full list of analyst forecasts on Rosebank Industries Plc stock, see the GB:ROSE Stock Forecast page.
More about Rosebank Industries Plc
Rosebank Industries Plc operates in the industrial sector, focusing on electrification and industrial components. The company is involved in the production and distribution of electrical components and has recently expanded its market presence through strategic acquisitions.
Average Trading Volume: 640,369
Technical Sentiment Signal: Sell
Current Market Cap: £1.39B
For a thorough assessment of ROSE stock, go to TipRanks’ Stock Analysis page.