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Sutton Harbour Holdings ( (GB:SUH) ) has provided an announcement.
Sutton Harbour Group plc, during its Annual General Meeting, highlighted its focus on debt reduction and refinancing, with a deferment of a £6.5m bank loan repayment and ongoing asset disposals to meet financial obligations. The company is also engaged in discussions with the Environment Agency regarding maintenance of the Sutton Harbour lock and has recovered some professional costs. While marina trading remains steady, the company is pausing new developments due to subdued demand and is exploring interim uses for vacant sites. Plymouth Fisheries has stabilized its revenues despite the closure of its auction, and the company continues to work with Plymouth City Council on the former airport site’s future.
The most recent analyst rating on (GB:SUH) stock is a Hold with a £5.00 price target. To see the full list of analyst forecasts on Sutton Harbour Holdings stock, see the GB:SUH Stock Forecast page.
Spark’s Take on GB:SUH Stock
According to Spark, TipRanks’ AI Analyst, GB:SUH is a Neutral.
Sutton Harbour Holdings’ overall stock score is primarily impacted by its poor financial performance, characterized by declining revenues and negative profitability. Technical analysis indicates bearish momentum, with the stock trading below key moving averages. Valuation metrics are weak due to a negative P/E ratio and lack of dividend yield. These factors collectively suggest significant challenges for the company.
To see Spark’s full report on GB:SUH stock, click here.
More about Sutton Harbour Holdings
Sutton Harbour Group plc is an AIM quoted company specializing in marine operations, waterfront regeneration, and destination creation in Plymouth and South West England. The company operates Sutton Harbour Marina, King Point Marina, and Plymouth Fisheries, and is involved in mixed-use lettings, car parking, support services to harbour users, property management, and regeneration and asset enhancement. Sutton Harbour aims to be the leading marine and waterfront regeneration specialist in Southern England and to position Sutton Harbour in Plymouth as a destination of national interest.
Average Trading Volume: 28,801
Technical Sentiment Signal: Sell
Current Market Cap: £7.15M
Find detailed analytics on SUH stock on TipRanks’ Stock Analysis page.