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Anexo Group Plc ( (GB:ANX) ) has shared an announcement.
Anexo Group PLC has announced its intention to cancel the trading of its ordinary shares on AIM and re-register as a private limited company. This move, which requires shareholder approval, is supported by Alabama Bidco Limited, the majority shareholder, and is expected to pass. The company believes that this transition is in the best interest of its stakeholders, and a general meeting has been scheduled to discuss and approve the proposals.
The most recent analyst rating on (GB:ANX) stock is a Hold with a £43.00 price target. To see the full list of analyst forecasts on Anexo Group Plc stock, see the GB:ANX Stock Forecast page.
Spark’s Take on GB:ANX Stock
According to Spark, TipRanks’ AI Analyst, GB:ANX is a Neutral.
Anexo Group Plc’s overall stock score is driven by strong corporate events and undervaluation, offset by bearish technical indicators and financial performance challenges. The company’s strategic initiatives and investor confidence are positives, but operational and cash flow issues need addressing to improve future performance.
To see Spark’s full report on GB:ANX stock, click here.
More about Anexo Group Plc
Average Trading Volume: 400,071
Technical Sentiment Signal: Sell
Current Market Cap: £39.69M
See more insights into ANX stock on TipRanks’ Stock Analysis page.