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Beacon Rise Holdings PLC ( (GB:BRS) ) just unveiled an update.
Beacon Rise Holdings PLC has entered into an advanced subscription agreement with a new investor to raise approximately £150,000 in gross proceeds. The funds will be used to help cover transaction fees related to its proposed acquisitions, its planned admission to market, and to support working capital needs, with the new shares to be issued at a discount to any contemporaneous equity raise and on terms structured to qualify under the UK Enterprise Investment Scheme, subject to shareholder authorities and further updates from the company.
The most recent analyst rating on (GB:BRS) stock is a Hold with a £159.00 price target. To see the full list of analyst forecasts on Beacon Rise Holdings PLC stock, see the GB:BRS Stock Forecast page.
Spark’s Take on GB:BRS Stock
According to Spark, TipRanks’ AI Analyst, GB:BRS is a Neutral.
The score is primarily held back by weak financial performance (no revenue, ongoing losses, and worsening cash burn), only partly offset by a debt-free balance sheet. Technicals are supportive with an uptrend and positive MACD, but overbought RSI reduces confidence. Valuation cannot be meaningfully assessed due to missing P/E and dividend yield.
To see Spark’s full report on GB:BRS stock, click here.
More about Beacon Rise Holdings PLC
Technical Sentiment Signal: Buy
Current Market Cap: £2.08M
Find detailed analytics on BRS stock on TipRanks’ Stock Analysis page.