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Hargreaves Services ( (GB:HSP) ) has provided an update.
Hargreaves Services plc has completed the sale of the first tranche of its renewable energy land assets to Meadow Partners for an initial cash consideration of £8.8 million, with a potential additional payment of up to £3.8 million by 2029, contingent on wind yields. This sale is a strategic move to realize value from its renewable energy portfolio, expected to provide a one-off net benefit to profit before tax and cash flow in the financial year ending May 2026. The transaction is part of Hargreaves’ broader strategy to monetize its renewable assets and return cash to shareholders, marking the beginning of several planned disposals in its renewables portfolio.
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 across the environmental, industrial, and property sectors, with operations in the UK and South East Asia. The company operates through three main segments: Services, Hargreaves Land, and a German joint venture, Hargreaves Raw Materials Services GmbH. Their offerings include materials handling, mechanical and electrical contracting, logistics, and sustainable development of brownfield sites. Hargreaves is headquartered in County Durham, with additional operational centers in the UK, Hong Kong, and Germany.
Average Trading Volume: 42,694
Technical Sentiment Signal: Buy
Current Market Cap: £217.5M
For an in-depth examination of HSP stock, go to TipRanks’ Overview page.