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An update from Kinovo PLC ( (GB:KINO) ) is now available.
Kinovo PLC, a company involved in a cash acquisition by Sureserve Compliance Holdings Limited, has announced the successful approval of the acquisition scheme by its shareholders. The acquisition, which involves Sureserve acquiring all issued and to be issued ordinary shares of Kinovo, was approved by the requisite majority at both the Court Meeting and the General Meeting, with the scheme expected to become effective on July 1, 2025, pending court sanction.
The most recent analyst rating on (GB:KINO) stock is a Buy with a £95.00 price target. To see the full list of analyst forecasts on Kinovo PLC stock, see the GB:KINO Stock Forecast page.
Spark’s Take on GB:KINO Stock
According to Spark, TipRanks’ AI Analyst, GB:KINO is a Neutral.
Kinovo PLC’s overall score is primarily affected by financial challenges, including negative equity and cash flow pressures, which are significant risks. The technical analysis indicates a bearish trend, further weighing on the score. On the positive side, the stock’s low P/E ratio suggests potential undervaluation, providing a counterbalance to financial and technical weaknesses.
To see Spark’s full report on GB:KINO stock, click here.
More about Kinovo PLC
Average Trading Volume: 207,486
Technical Sentiment Signal: Buy
Current Market Cap: £54.81M
For a thorough assessment of KINO stock, go to TipRanks’ Stock Analysis page.