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Abingdon Health PLC ( (GB:ABDX) ) has issued an update.
Abingdon Health PLC has successfully completed a placing to raise £3.3 million through the issuance of 54.5 million shares to institutional and other investors. The funds raised will support the company’s growth initiatives, including larger project execution and expansion of manufacturing activities in the USA. The placing price was set at a slight discount to the market price, and a retail offer is also being launched to raise an additional £200,000. The fundraising is subject to shareholder approval at an upcoming General Meeting, with the new shares expected to commence trading on AIM by the end of October 2025.
The most recent analyst rating on (GB:ABDX) stock is a Hold with a £7.00 price target. To see the full list of analyst forecasts on Abingdon Health PLC stock, see the GB:ABDX Stock Forecast page.
Spark’s Take on GB:ABDX Stock
According to Spark, TipRanks’ AI Analyst, GB:ABDX is a Neutral.
Abingdon Health PLC’s overall score is driven by its strong business development activities and promising revenue growth, albeit overshadowed by persistent profitability challenges and valuation concerns. Technical indicators suggest a neutral outlook, while recent corporate events present potential for future growth.
To see Spark’s full report on GB:ABDX stock, click here.
More about Abingdon Health PLC
Abingdon Health PLC is a leading med-tech contract service provider that offers a range of services to an international customer base. The company specializes in lateral flow product development, regulatory support, technology transfer, and manufacturing services, catering to sectors such as infectious disease, clinical testing, animal health, and environmental testing. Founded in 2008, Abingdon Health is headquartered in York, England, with laboratories in Doncaster, England, and Madison, Wisconsin, USA.
Average Trading Volume: 152,799
Technical Sentiment Signal: Sell
Current Market Cap: £11.71M
Learn more about ABDX stock on TipRanks’ Stock Analysis page.