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An update from Hargreaves Services ( (GB:HSP) ) is now available.
Hargreaves Services plc announced that its three business units have met performance expectations in the first four months of the year. The company has seen continued positive momentum in the infrastructure sector, benefiting its Services business, particularly with major projects like HS2 and Sizewell C. Hargreaves Land has completed significant sales, including renewable energy land assets and a plot at Blindwells, demonstrating value realization. Despite challenges in the German economy, HRMS operations remain stable. The Board is confident in meeting full-year market expectations, with further updates anticipated in December.
The most recent analyst rating on (GB:HSP) stock is a Hold with a £772.00 price target. To see the full list of analyst forecasts on Hargreaves Services stock, see the GB:HSP Stock Forecast page.
Spark’s Take on GB:HSP Stock
According to Spark, TipRanks’ AI Analyst, GB:HSP is a Neutral.
Hargreaves Services’ strong financial performance, characterized by robust revenue growth and cash flow, is the primary driver of its score. The technical analysis indicates some short-term weakness, while the valuation is balanced with a reasonable P/E ratio and attractive dividend yield.
To see Spark’s full report on GB:HSP stock, click here.
More about Hargreaves Services
Hargreaves Services plc is a diversified group providing services to the environmental, industrial, and property sectors, supporting key industries in the UK and South East Asia. The company operates through three business segments: Services, Hargreaves Land, and a German joint venture, HRMS. The Services segment offers materials handling, mechanical and electrical contracting, logistics, and earthworks, while Hargreaves Land focuses on sustainable development of brownfield sites. HRMS specializes in trading commodity markets and recycling steel waste.
Average Trading Volume: 44,816
Technical Sentiment Signal: Buy
Current Market Cap: £222.1M
For an in-depth examination of HSP stock, go to TipRanks’ Overview page.