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Decisive Dividend ( (TSE:DE) ) just unveiled an announcement.
Decisive Dividend Corporation, through its UK-based subsidiary Techbelt Ltd., has completed two strategic tuck-in acquisitions, acquiring Blackburn Conveyor Systems and the assets of NK Technics’ UK conveyor belt business for $0.8 million. These acquisitions enhance Techbelt’s product offerings in polyurethane and polyvinyl chloride belting, and add conveyor fabrication and servicing capabilities, allowing the company to better serve existing customers and expand into new industries. The acquisitions align with Decisive’s strategy of acquiring within its established industry verticals and are expected to integrate smoothly into Techbelt’s operations, benefiting Decisive’s shareholders by leveraging Techbelt’s leadership team.
The most recent analyst rating on (TSE:DE) stock is a Buy with a C$8.00 price target. To see the full list of analyst forecasts on Decisive Dividend stock, see the TSE:DE Stock Forecast page.
Spark’s Take on TSE:DE Stock
According to Spark, TipRanks’ AI Analyst, TSE:DE is a Outperform.
Decisive Dividend’s strong financial performance driven by significant revenue and profit growth is the primary factor for the high score. The technical analysis shows balanced sentiment, and while valuation indicates potential overvaluation, the attractive dividend yield supports investor interest. Positive corporate events further enhance the company’s strategic growth outlook.
To see Spark’s full report on TSE:DE stock, click here.
More about Decisive Dividend
Decisive Dividend Corporation is an acquisition-oriented company focused on opportunities in manufacturing. The company aims to be the preferred choice for legacy-minded business owners looking to exit, while supporting the long-term success of acquired businesses. Decisive employs a disciplined acquisition strategy to identify profitable, well-established manufacturing companies with sustainable competitive advantages, focusing on non-discretionary products, steady cash flows, growth potential, and strong leadership.
Average Trading Volume: 17,172
Technical Sentiment Signal: Buy
Current Market Cap: C$158M
Find detailed analytics on DE stock on TipRanks’ Stock Analysis page.