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The Conygar Investment ( (GB:CIC) ) has issued an update.
Conygar Investment Company PLC has announced the sale of its 203-acre brownfield land at Rhosgoch in Anglesey to Rhosgoch Property Ltd, a subsidiary of Stena Line (UK) Ltd, for £18.5 million. The proceeds will be used to repay a loan and support ongoing operations, particularly at The Island Quarter in Nottingham, resulting in a profit of £15.8 million for the company.
The most recent analyst rating on (GB:CIC) stock is a Sell with a £24.00 price target. To see the full list of analyst forecasts on The Conygar Investment stock, see the GB:CIC Stock Forecast page.
Spark’s Take on GB:CIC Stock
According to Spark, TipRanks’ AI Analyst, GB:CIC is a Underperform.
The Conygar Investment’s overall stock score is significantly impacted by its poor financial performance, with ongoing losses and liquidity challenges. Technical analysis indicates a bearish trend, and valuation metrics are unattractive due to negative earnings and no dividend yield. These factors collectively result in a low stock score.
To see Spark’s full report on GB:CIC stock, click here.
More about The Conygar Investment
The Conygar Investment Company PLC is involved in the real estate industry, focusing on property investment and development. The company primarily deals with acquiring, developing, and managing properties across the UK, with a particular focus on projects that can deliver significant value.
Average Trading Volume: 31,334
Technical Sentiment Signal: Sell
Current Market Cap: £15.21M
For an in-depth examination of CIC stock, go to TipRanks’ Overview page.