Knights Group Expands with Acquisition of Birkett Long

The latest update is out from Knights Group Holdings Plc ( (GB:KGH) ).

Knights Group Holdings Plc has announced the acquisition of Birkett Long LLP and Birkett Long IFA LLP, a regional law firm and independent financial advisory business based in Essex. This strategic move aligns with Knights’ growth strategy, expanding its presence in the South East and entering the wealth advisory sector. The acquisition is expected to be immediately earnings enhancing and will increase Knights’ annual revenue to over £200 million. The integration of Birkett Long is anticipated to be smooth due to cultural and operational synergies, offering Knights an opportunity to provide a broader range of services to clients and further organic growth in the region.

Spark’s Take on GB:KGH Stock

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

Knights Group Holdings Plc stands on a solid financial footing with consistent revenue growth and improving profitability. The stock is undervalued with a reasonable dividend yield, and recent corporate events such as the acquisition of IBB Law LLP indicate positive strategic growth. However, technical indicators show a lack of strong momentum, warranting a cautious outlook.

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

More about Knights Group Holdings Plc

Knights Group Holdings Plc operates in the legal services industry, providing a range of legal and wealth advisory services. The company focuses on expanding its market presence, particularly in affluent regions, and aims to integrate complementary service lines to enhance its offerings.

YTD Price Performance: 37.64%

Average Trading Volume: 198,822

Technical Sentiment Signal: Sell

Current Market Cap: £122.3M

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