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The latest announcement is out from Various Eateries PLC ADR ( (GB:VARE) ).
Various Eateries PLC announced that Friends Provident International, acting on behalf of Non-Executive Director Hugh Osmond, purchased 250,000 ordinary shares in the company. This transaction increases FPI’s holding to 38.25% of the company’s total issued share capital, with Hugh Osmond and his Concert Party now holding 63.74% of the enlarged share capital. This move consolidates Osmond’s influence within the company, potentially impacting its strategic direction and stakeholder dynamics.
The most recent analyst rating on (GB:VARE) stock is a Hold with a £13.50 price target. To see the full list of analyst forecasts on Various Eateries PLC ADR stock, see the GB:VARE Stock Forecast page.
Spark’s Take on GB:VARE Stock
According to Spark, TipRanks’ AI Analyst, GB:VARE is a Neutral.
The overall score is influenced by mixed financial performance, with revenue growth but persistent net losses and high leverage. Despite a positive outlook from corporate events, technical indicators are bearish, and valuation metrics are not attractive.
To see Spark’s full report on GB:VARE stock, click here.
More about Various Eateries PLC ADR
Various Eateries PLC is a company that owns, develops, and operates restaurant, clubhouse, and hotel sites in the United Kingdom. It operates two core brands: Coppa Club, which offers a multi-use, all-day concept combining restaurant, terrace, café, lounge, bar, and workspaces, and Noci, a modern pasta-led concept serving high-quality dishes at reasonable prices.
Average Trading Volume: 18,811
Technical Sentiment Signal: Sell
Current Market Cap: £17.77M
For a thorough assessment of VARE stock, go to TipRanks’ Stock Analysis page.