Chrysalis Investments’ Starling Group Secures Major North American Contract

An update from Chrysalis Investments Limited ( (GB:CHRY) ) is now available.

Chrysalis Investments Limited announced a significant development involving its portfolio company, Starling Group, which has secured a major contract for its SaaS business, Engine, with Tangerine, a subsidiary of Scotiabank. This ten-year agreement marks Engine’s first North American client, enhancing its market presence and expanding its addressable market. The deal is seen as a transformative step for Engine, leveraging Tangerine’s reputation for customer satisfaction and positioning Starling’s technology platform for further growth in the global banking IT sector.

The most recent analyst rating on (GB:CHRY) stock is a Buy with a £1.12 price target. To see the full list of analyst forecasts on Chrysalis Investments Limited stock, see the GB:CHRY Stock Forecast page.

Spark’s Take on GB:CHRY Stock

According to Spark, TipRanks’ AI Analyst, GB:CHRY is a Outperform.

Chrysalis Investments Limited demonstrates solid financial stability with a strong equity base and recent improvements in profitability and cash flow. Strategic share buybacks and asset disposals enhance liquidity and shareholder value. However, mixed technical indicators, historical financial volatility, and no dividend yield slightly temper the stock’s overall appeal.

To see Spark’s full report on GB:CHRY stock, click here.

More about Chrysalis Investments Limited

Chrysalis Investments Limited operates as an alternative investment fund, focusing on innovative technology-driven companies. Its portfolio includes diverse sectors with a strong emphasis on software-as-a-service (SaaS) solutions, aiming to capitalize on growth opportunities in the financial technology industry.

Average Trading Volume: 1,627,749

Technical Sentiment Signal: Buy

Find detailed analytics on CHRY stock on TipRanks’ Stock Analysis page.