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LON:HSP

Hargreaves Services plc

BUY Analysis generated 2026-10-04 Market data as of 2026-11-13 Market data 2 days old 892.48p Industrials - Industrial - DistributionAWAIT ENTRY
ACTIONABLEMethodology gates passed
72

Position levels

Currenttoday
892.48p
Buy <=wait / entry
680.00p
Trim >=take some off
920.00p
Thesis breakA confirmed cut to UK rail renewals spending in the next government budget cycle...
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Scenario-weighted conviction

ProbabilityScoreContribution
Bull case40%100 / 10040.0
Base case50%62 / 10031.0
Bear case10%10 / 1001.0
Weighted conviction72 / 100 - BUY

Top risks

  • Preferred bidder for UK Deposit Return Scheme contract
  • Strong FY2026 results with services revenue +35%, PBT GBP 40M and 70% FY27 revenue secured
  • German zinc recycling project de-risked with GBP 2M grant and GBP 12.5M non-recourse loan
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Research is for informational purposes only. Not financial advice. All analysis reflects the date of publication.

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