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An announcement from The Conygar Investment ( (GB:CIC) ) is now available.
Conygar Investment Company PLC has completed the sale of its land holding at Rhosgoch in Anglesey to Rhosgoch Property Ltd, a subsidiary of Stena Line (UK) Ltd, for £18.5 million. This transaction allows Conygar to repay a £5.6 million loan and leaves the Island Quarter site in Nottingham unencumbered, providing a profit of £15.8 million and supporting ongoing operations and working capital, which strengthens its financial position and enhances its development capabilities.
The most recent analyst rating on (GB:CIC) stock is a Hold with a £31.00 price target. To see the full list of analyst forecasts on The Conygar Investment stock, see the GB:CIC Stock Forecast page.
Spark’s Take on GB:CIC Stock
According to Spark, TipRanks’ AI Analyst, GB:CIC is a Neutral.
The overall stock score is primarily impacted by significant financial challenges, including ongoing losses and liquidity constraints. Technical analysis indicates a bearish trend, while valuation metrics reflect a lack of profitability. The absence of earnings call data and corporate events limits additional insights.
To see Spark’s full report on GB:CIC stock, click here.
More about The Conygar Investment
The Conygar Investment Company PLC operates in the real estate investment and development industry, focusing on acquiring and developing properties across the UK. Its primary market focus includes strategic land and property development, with significant projects such as The Island Quarter in Nottingham.
Average Trading Volume: 76,981
Technical Sentiment Signal: Sell
Current Market Cap: £20.58M
For an in-depth examination of CIC stock, go to TipRanks’ Overview page.