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The latest announcement is out from RF Capital Group ( (TSE:RCG) ).
RF Capital Group Inc., a company listed on the Toronto Stock Exchange, has received endorsements from independent proxy advisory firms ISS and Glass Lewis for its proposed arrangement with iA Financial Corporation. The arrangement involves iA acquiring all issued and outstanding common shares and Series B preferred shares of RF Capital at significant premiums. The board of RF Capital recommends shareholders vote in favor of the arrangement, which promises immediate liquidity and a substantial premium over recent trading prices.
The most recent analyst rating on (TSE:RCG) stock is a Buy with a C$21.50 price target. To see the full list of analyst forecasts on RF Capital Group stock, see the TSE:RCG Stock Forecast page.
Spark’s Take on TSE:RCG Stock
According to Spark, TipRanks’ AI Analyst, TSE:RCG is a Outperform.
RF Capital Group’s stock score is driven by strong technical indicators and positive corporate developments, such as the acquisition by iA Financial Corporation, which is expected to create synergies and enhance market presence. However, the stock is hindered by a poor valuation due to negative profitability metrics. Financial performance is improving but still faces challenges with profitability and operational efficiency.
To see Spark’s full report on TSE:RCG stock, click here.
More about RF Capital Group
Average Trading Volume: 40,969
Technical Sentiment Signal: Buy
Current Market Cap: C$286.4M
Find detailed analytics on RCG stock on TipRanks’ Stock Analysis page.