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An update from Canal+ ( (GB:CAN) ) is now available.
CANAL+ has announced its inaugural bond transaction, appointing several major financial institutions as coordinators and bookrunners to arrange investor calls. The proceeds from the potential bond offering will be used for general corporate purposes, including refinancing a significant portion of its outstanding Bridge Facility. This move is part of CANAL+’s strategy to strengthen its financial position following its acquisition of MultiChoice Group, enhancing its market presence and operational capabilities.
The most recent analyst rating on (GB:CAN) stock is a Hold with a £242.00 price target. To see the full list of analyst forecasts on Canal+ stock, see the GB:CAN Stock Forecast page.
Spark’s Take on GB:CAN Stock
According to Spark, TipRanks’ AI Analyst, GB:CAN is a Neutral.
The overall stock score is primarily influenced by Canal+’s financial performance, which shows revenue growth but is hindered by profitability issues and negative free cash flow growth. Technical analysis indicates a lack of strong momentum, and valuation metrics are weak due to a negative P/E ratio and low dividend yield.
To see Spark’s full report on GB:CAN stock, click here.
More about Canal+
CANAL+ is a global media and entertainment company, originally founded as a French subscription-TV channel. It operates across the entire audio-visual value chain, including production, broadcast, distribution, and aggregation. The company has recently taken control of MultiChoice Group, Africa’s leading entertainment platform, expanding its reach to 40 million subscribers in over 70 countries.
Average Trading Volume: 901,073
Technical Sentiment Signal: Hold
Current Market Cap: £2.24B
For detailed information about CAN stock, go to TipRanks’ Stock Analysis page.