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Scully Royalty ( (SRL) ) has issued an update.
Scully Royalty Ltd., a company listed on the NYSE, is currently addressing a challenge posed by MILFAM LLC, which has filed a dissident proxy circular to nominate its own directors to the company’s board. The company has declared MILFAM’s nominations invalid due to non-compliance with its advance notice provisions and is contesting MILFAM’s legal actions in the Cayman Island Grand Court. Scully Royalty urges its shareholders to support the management’s nominees and disregard MILFAM’s nominations, emphasizing the importance of voting with the management’s WHITE proxy.
The most recent analyst rating on (SRL) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on Scully Royalty stock, see the SRL Stock Forecast page.
Spark’s Take on SRL Stock
According to Spark, TipRanks’ AI Analyst, SRL is a Neutral.
Scully Royalty’s overall score is primarily impacted by significant financial challenges, including revenue contraction and negative cash flow. Technical analysis shows moderate strength, but valuation is hampered by a negative P/E ratio. The dividend yield offers some support, but overall financial instability remains a concern.
To see Spark’s full report on SRL stock, click here.
More about Scully Royalty
Average Trading Volume: 8,671
Technical Sentiment Signal: Sell
Current Market Cap: $91.97M
See more data about SRL stock on TipRanks’ Stock Analysis page.