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Cordel Group PLC ( (GB:CRDL) ) has shared an announcement.
Cordel Group PLC announced that its Chairman, Ian Buddery, has purchased 350,000 ordinary shares in the company, increasing his total holding to 10,181,626 shares, which represents 4.69% of the company’s voting rights. This purchase contributes to the Concert Party’s aggregate holding of 76,781,625 shares, equating to approximately 35.4% of Cordel’s issued share capital, potentially strengthening the group’s control and influence within the company.
The most recent analyst rating on (GB:CRDL) stock is a Hold with a £7.00 price target. To see the full list of analyst forecasts on Cordel Group PLC stock, see the GB:CRDL Stock Forecast page.
Spark’s Take on GB:CRDL Stock
According to Spark, TipRanks’ AI Analyst, GB:CRDL is a Neutral.
Cordel Group PLC’s score reflects solid corporate activities and potential for growth, tempered by ongoing financial challenges and weak valuation metrics. Positive corporate events, such as securing significant contracts and strategic product launches, are key strengths, while persistent operational inefficiencies and negative cash flows limit the score.
To see Spark’s full report on GB:CRDL stock, click here.
More about Cordel Group PLC
Cordel Group PLC specializes in producing hardware and software for the transport sector, focusing on capturing, analyzing, and reporting large datasets using advanced artificial intelligence algorithms.
Average Trading Volume: 209,823
Technical Sentiment Signal: Sell
Current Market Cap: £13.67M
For an in-depth examination of CRDL stock, go to TipRanks’ Overview page.