tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Springfield Properties Expands Share Capital with New Issuance

Story Highlights
  • Springfield Properties issued 59,565 new shares after employee options were exercised.
  • The company’s total share capital now consists of 119,101,970 shares with voting rights.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Springfield Properties Expands Share Capital with New Issuance

Claim 70% Off TipRanks This Holiday Season

An announcement from Springfield Properties PLC ( (GB:SPR) ) is now available.

Springfield Properties PLC has issued 59,565 new ordinary shares following the exercise of options by employees, which have been admitted to trading on AIM. This increases the company’s issued share capital to 119,101,970 ordinary shares, all with voting rights, providing shareholders with a new denominator for calculating their interests under FCA rules.

The most recent analyst rating on (GB:SPR) stock is a Buy with a £134.00 price target. To see the full list of analyst forecasts on Springfield Properties PLC stock, see the GB:SPR Stock Forecast page.

Spark’s Take on GB:SPR Stock

According to Spark, TipRanks’ AI Analyst, GB:SPR is a Outperform.

Springfield Properties PLC scores well due to strong financial performance, positive technical indicators, and attractive valuation. The strategic focus on North Scotland and recent corporate developments further bolster its prospects. However, the decline in free cash flow growth is a concern that needs addressing to sustain long-term growth.

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

More about Springfield Properties PLC

Springfield Properties PLC is a leading housebuilder in Scotland, specializing in the delivery of private and affordable housing.

Average Trading Volume: 301,771

Technical Sentiment Signal: Buy

Current Market Cap: £143.4M

See more data about SPR stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1