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RF Capital Group ( (TSE:RCG) ) has shared an update.
RF Capital Group has announced the filing and mailing of its information circular related to its acquisition by iA Financial Corporation Inc. The board of directors recommends that shareholders vote in favor of the arrangement resolution at the upcoming special meeting. The acquisition will involve iA Financial acquiring all outstanding shares of RF Capital, with cash considerations provided for both common and Series B preferred shares. The arrangement requires approval from two-thirds of the common shareholders, and a significant portion of shares have already pledged support. This acquisition is expected to impact RF Capital’s market positioning by integrating with a larger financial entity, potentially benefiting stakeholders through enhanced resources and market reach.
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
RF Capital Group operates in the financial services industry, focusing on wealth management and investment services. The company is known for its comprehensive financial solutions tailored to meet the needs of individual and institutional clients.
Average Trading Volume: 41,537
Technical Sentiment Signal: Buy
Current Market Cap: C$286.3M
For a thorough assessment of RCG stock, go to TipRanks’ Stock Analysis page.