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An announcement from Palace Capital ( (GB:PCA) ) is now available.
Palace Capital has acknowledged an announcement from shareholder Lakestreet Capital Partners AG, which has proposed appointing two new directors to the company’s board and removing Executive Chairman Steven Owen as a director. The current board, comprising Owen and Senior Independent Director Mark Davies, has said it will consider Lakestreet’s proposals and issue further updates in due course, signalling a potential governance reshuffle that could influence the company’s strategic direction and leadership stability.
The most recent analyst rating on (GB:PCA) stock is a Hold with a £226.00 price target. To see the full list of analyst forecasts on Palace Capital stock, see the GB:PCA Stock Forecast page.
Spark’s Take on GB:PCA Stock
According to Spark, TipRanks’ AI Analyst, GB:PCA is a Neutral.
The score is primarily supported by improved financial stability (debt eliminated) and strong recent cash generation, plus shareholder-return-focused corporate actions. Offsetting factors include multi-year revenue decline and volatility in results, with only modest technical momentum and a valuation that is helped by the yield but limited by a mid-to-high P/E.
To see Spark’s full report on GB:PCA stock, click here.
More about Palace Capital
Palace Capital PLC (LSE: PCA) is a UK-listed real estate investment company focused on owning and managing a diversified portfolio of commercial property assets, providing income and capital growth for shareholders.
Average Trading Volume: 33,494
Technical Sentiment Signal: Sell
Current Market Cap: £39.24M
See more insights into PCA stock on TipRanks’ Stock Analysis page.