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Angling Direct Plc ( (GB:ANG) ) has shared an update.
Angling Direct PLC reported a strong financial performance for the first half of FY26, with a 17% increase in group revenue to £53.6 million and a 39.4% rise in adjusted EBITDA to £3.9 million. The company attributes its success to strategic progress, including the growth of its MyAD membership, expansion of its UK retail footprint, and investment in digital technology, which have driven both in-store and online sales. Despite challenges such as softer consumer demand and weather conditions affecting fisheries, Angling Direct remains confident in exceeding market expectations for FY26, with plans to continue its UK store roll-out and enhance its digital business.
The most recent analyst rating on (GB:ANG) stock is a Hold with a £49.00 price target. To see the full list of analyst forecasts on Angling Direct Plc stock, see the GB:ANG Stock Forecast page.
Spark’s Take on GB:ANG Stock
According to Spark, TipRanks’ AI Analyst, GB:ANG is a Neutral.
Angling Direct Plc’s overall stock score is driven primarily by its strong financial performance, characterized by robust revenue growth and prudent financial management. However, technical indicators suggest the stock may be overbought, and the high P/E ratio indicates a relatively expensive valuation. The absence of earnings call data and corporate events means these factors do not influence the score.
To see Spark’s full report on GB:ANG stock, click here.
More about Angling Direct Plc
Angling Direct PLC is a leading omni-channel specialist fishing tackle retailer based in the UK, with a growing presence in Europe. The company offers fishing tackle products and related equipment through its network of over 50 UK retail stores, a digital platform, and the MyAD Fishing Club app. It also operates native language websites in key European territories.
Average Trading Volume: 49,907
Technical Sentiment Signal: Strong Buy
Current Market Cap: £36.51M
For an in-depth examination of ANG stock, go to TipRanks’ Overview page.