Centaur Media Sells Marketing Week and Creative Review to Haymarket Media

Centaur Media ( (GB:CAU) ) has shared an update.

Centaur Media has announced the sale of its subsidiary MWCR Limited, which operates Marketing Week, Festival of Marketing, and Creative Review, to Haymarket Media Group for £3.9 million. This transaction is part of Centaur’s ongoing strategic review aimed at maximizing shareholder value, following recent sales of other assets. The proceeds from these sales will enhance the company’s cash position, allowing for potential capital returns to shareholders. The company is also restructuring its operations, focusing on its remaining businesses, Econsultancy and The Influencer Group, while outsourcing support functions to align with its streamlined operations.

The most recent analyst rating on (GB:CAU) stock is a Hold with a £34.00 price target. To see the full list of analyst forecasts on Centaur Media stock, see the GB:CAU Stock Forecast page.

Spark’s Take on GB:CAU Stock

According to Spark, TipRanks’ AI Analyst, GB:CAU is a Neutral.

The overall stock score is primarily driven by positive corporate events and a stable technical outlook. Financial performance remains a concern due to declining revenues and profitability. Valuation metrics are mixed with a negative P/E ratio but a high dividend yield.

To see Spark’s full report on GB:CAU stock, click here.

More about Centaur Media

Centaur Media is a company operating in the media industry, focusing on providing business information, events, and marketing services. Its primary products and services include publications and events like Marketing Week, Creative Review, and the Festival of Marketing. The company is currently undergoing a strategic review to maximize shareholder value.

Average Trading Volume: 354,047

Technical Sentiment Signal: Buy

Current Market Cap: £57.24M

For a thorough assessment of CAU stock, go to TipRanks’ Stock Analysis page.