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Supreme PLC ( (GB:SUP) ) just unveiled an announcement.
Supreme PLC has acquired the trade and intellectual property of the iconic carpet care brand 1001 from the WD-40 Company for £1.65 million, with additional contingent consideration based on future sales growth. This acquisition aligns with Supreme’s strategy to strengthen its portfolio of consumer goods and offers opportunities for growth, including access to new retail customers and the potential to expand 1001 into a broader household cleaning brand. The acquisition is expected to enhance earnings immediately and integrate smoothly without disrupting customer service levels.
Spark’s Take on GB:SUP Stock
According to Spark, TipRanks’ AI Analyst, GB:SUP is a Outperform.
Supreme PLC’s strong financial health, evidenced by robust revenue and profit growth, efficient balance sheet management, and solid cash flow, is the most significant factor contributing to the stock’s overall appeal. Positive corporate events, including strategic acquisitions and market expansions, bolster this positive outlook. Although technical analysis offers a mixed view, with some resistance levels present, the low P/E ratio and decent dividend yield make the stock an attractive option for investors seeking value.
To see Spark’s full report on GB:SUP stock, click here.
More about Supreme PLC
Supreme PLC is a leading manufacturer, supplier, and brand owner of fast-moving consumer goods, operating across three divisions: Vaping, Drinks & Wellness, and Electricals. The company has a vertically integrated platform that spans product development, manufacturing, and extensive retail distribution. Supreme’s portfolio includes globally recognized brands and in-house brands like 88Vape, and it has expanded into new markets with acquisitions such as Typhoo Tea and Clearly Drinks.
Average Trading Volume: 178,281
Technical Sentiment Signal: Strong Buy
Current Market Cap: £211.2M
Find detailed analytics on SUP stock on TipRanks’ Stock Analysis page.