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The latest update is out from CPP Group plc ( (GB:CPP) ).
CPP Group has announced an update regarding the disposal of its entire issued share capital of CPP India. The company has agreed to revised terms in the sale and purchase agreement, reducing the purchase price to the Indian Rupees equivalent of US$20 million. The completion of the disposal is anticipated within the next five business days, contingent on certain formalities in India. This strategic move is expected to impact CPP Group’s operations by potentially streamlining its focus and resources.
The most recent analyst rating on (GB:CPP) stock is a Sell with a £114.00 price target. To see the full list of analyst forecasts on CPP Group plc stock, see the GB:CPP Stock Forecast page.
Spark’s Take on GB:CPP Stock
According to Spark, TipRanks’ AI Analyst, GB:CPP is a Underperform.
The overall stock score of 40 reflects significant financial challenges, including negative profitability and a weak balance sheet. Technical indicators suggest a lack of strong momentum, and valuation metrics are concerning due to negative earnings and no dividend yield. These factors collectively indicate a need for caution.
To see Spark’s full report on GB:CPP stock, click here.
More about CPP Group plc
CPP Group is a technology-driven assistance company that develops embedded and ancillary real-time assistance products and resolution services aimed at minimizing disruptions in daily life for millions globally. The company is listed on AIM, operated by the London Stock Exchange.
Average Trading Volume: 15,272
Technical Sentiment Signal: Buy
Current Market Cap: £12.37M
Learn more about CPP stock on TipRanks’ Stock Analysis page.