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Lorne Park Capital ( (TSE:LPC) ) just unveiled an update.
Lorne Park Capital Partners has completed a going private transaction, with Sagard Private Equity Canada acquiring all outstanding shares for C$2.23 per share. This move will lead to the delisting of Lorne Park’s shares from the TSX Venture Exchange and positions the company to pursue long-term growth opportunities in the wealth management sector.
The most recent analyst rating on (TSE:LPC) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on Lorne Park Capital stock, see the TSE:LPC Stock Forecast page.
Spark’s Take on TSE:LPC Stock
According to Spark, TipRanks’ AI Analyst, TSE:LPC is a Outperform.
Lorne Park Capital’s strong financial performance is the most significant factor, with robust revenue growth and efficient cost management. Technical analysis shows a positive trend, though the stock may be overbought. Valuation is a concern with a high P/E ratio, suggesting potential overvaluation. The absence of earnings call and corporate events data limits additional insights.
To see Spark’s full report on TSE:LPC stock, click here.
More about Lorne Park Capital
Lorne Park Capital Partners Inc. operates in the wealth management sector, providing financial services and investment solutions. The company focuses on delivering value to its shareholders through strategic partnerships and growth initiatives.
Average Trading Volume: 1,825
Technical Sentiment Signal: Buy
Current Market Cap: C$121.6M
Find detailed analytics on LPC stock on TipRanks’ Stock Analysis page.