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Centaur Media ( (GB:CAU) ) has provided an announcement.
Centaur Media has announced the sale of The Lawyer, its legal information platform, to Lighthouse Bidco Limited for £43 million. This transaction is part of Centaur’s strategic review to maximize shareholder value, following the recent sale of MiniMBA. The sale is expected to unlock significant shareholder value and provide cash for the company, with plans to consult shareholders on returning capital. The completion of the sale is anticipated around early October, with the company focusing on its remaining marketing brands post-sale.
The most recent analyst rating on (GB:CAU) stock is a Hold with a £34.00 price target. To see the full list of analyst forecasts on Centaur Media stock, see the GB:CAU Stock Forecast page.
Spark’s Take on GB:CAU Stock
According to Spark, TipRanks’ AI Analyst, GB:CAU is a Neutral.
The overall stock score is primarily driven by positive corporate events and a stable technical outlook. Financial performance remains a concern due to declining revenues and profitability. Valuation metrics are mixed with a negative P/E ratio but a high dividend yield.
To see Spark’s full report on GB:CAU stock, click here.
More about Centaur Media
Centaur Media is an international provider of business information, learning, and specialist consultancy services within the marketing and legal professions. The company aims to inspire and enable clients to excel, raise aspirations, and deliver better performance.
Average Trading Volume: 246,583
Technical Sentiment Signal: Buy
Current Market Cap: £49.99M
For a thorough assessment of CAU stock, go to TipRanks’ Stock Analysis page.