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888 Holdings ( (GB:EVOK) ) has issued an announcement.
Evoke PLC has announced the successful pricing of €600 million in senior secured notes due in 2031 and the establishment of a new £200 million multicurrency revolving credit facility. These financial maneuvers are expected to reduce cash interest costs by approximately £5 million annually, extend the maturity profile with no significant maturities before 2028, and slightly increase net debt by £17 million. The CEO highlighted the strengthened performance and strategic progress of the company, with a focus on executing plans to deleverage and create value for stakeholders.
The most recent analyst rating on (GB:EVOK) stock is a Buy with a £95.00 price target. To see the full list of analyst forecasts on 888 Holdings stock, see the GB:EVOK Stock Forecast page.
Spark’s Take on GB:EVOK Stock
According to Spark, TipRanks’ AI Analyst, GB:EVOK is a Neutral.
The overall stock score is primarily influenced by financial performance challenges, including negative equity and profitability issues. Technical analysis indicates bearish momentum, while valuation is weak due to a negative P/E ratio. The earnings call provides a positive outlook with revenue growth and deleveraging efforts, slightly offsetting other concerns.
To see Spark’s full report on GB:EVOK stock, click here.
More about 888 Holdings
Evoke PLC, formerly known as 888 Holdings, is a leading global betting and gaming company. It operates internationally recognized brands such as William Hill, 888, and Mr Green, focusing on providing a wide range of gaming and betting services.
Average Trading Volume: 1,570,944
Technical Sentiment Signal: Strong Sell
Current Market Cap: £256.9M
Learn more about EVOK stock on TipRanks’ Stock Analysis page.