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Ramsdens Holdings ( (GB:RFX) ) has provided an update.
Ramsdens Holdings PLC announced that its FY25 profit before tax is slightly ahead of expectations, driven by strong performance across its core income streams and the benefit of high gold prices. The company reported a 50% increase in gross profit from its precious metals segment, supported by a dedicated gold buying website, and an 8% growth in its pawnbroking loan book. Jewellery retail also saw a 15% increase in gross profit, while foreign currency gross profit remained flat. Looking ahead, Ramsdens plans to open 8 to 12 new stores per year from FY26, leveraging its strong brand and diversified income streams.
The most recent analyst rating on (GB:RFX) stock is a Buy with a £396.00 price target. To see the full list of analyst forecasts on Ramsdens Holdings stock, see the GB:RFX Stock Forecast page.
Spark’s Take on GB:RFX Stock
According to Spark, TipRanks’ AI Analyst, GB:RFX is a Outperform.
Ramsdens Holdings scores well due to its strong financial performance and reasonable valuation. The technical analysis indicates a bullish trend, though caution is advised due to potential overbought conditions. The absence of earnings call and corporate events data does not impact the overall score.
To see Spark’s full report on GB:RFX stock, click here.
More about Ramsdens Holdings
Ramsdens Holdings PLC is a diversified financial services provider and retailer headquartered in Middlesbrough, UK. The company operates in four core business segments: foreign currency exchange, pawnbroking loans, precious metals buying and selling, and retailing of second-hand and new jewellery. Ramsdens has 169 stores across the UK and a growing online presence, and is fully FCA authorised for its pawnbroking and credit broking activities.
Average Trading Volume: 76,918
Technical Sentiment Signal: Buy
Current Market Cap: £121.3M
For detailed information about RFX stock, go to TipRanks’ Stock Analysis page.