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An announcement from Duke Capital ( (GB:DUKE) ) is now available.
Duke Capital Limited has announced a follow-on investment of £3.7 million into Step Investments Limited, enabling Step’s subsidiary, Bay Broadcasting Limited, to acquire Galway Bay FM, a leading radio station in Galway, Ireland. This acquisition expands Bay’s portfolio to four prominent Irish radio stations and positions it as the second largest commercial radio group in Ireland. The financing increases Duke’s total credit financing in Step to £15.2 million, reflecting Duke’s ongoing support and strategic partnership with Step to enhance its media asset portfolio across the UK and Ireland.
The most recent analyst rating on (GB:DUKE) stock is a Hold with a £28.00 price target. To see the full list of analyst forecasts on Duke Capital stock, see the GB:DUKE Stock Forecast page.
Spark’s Take on GB:DUKE Stock
According to Spark, TipRanks’ AI Analyst, GB:DUKE is a Neutral.
Duke Capital’s overall stock score is primarily impacted by its financial performance and technical analysis. The company faces challenges with declining revenue and profitability, and technical indicators suggest a bearish trend. The high P/E ratio indicates potential overvaluation, though the attractive dividend yield provides some support.
To see Spark’s full report on GB:DUKE stock, click here.
More about Duke Capital
Duke Capital is a leading provider of hybrid capital solutions for SME business owners in Europe and North America. The company combines the best features of both equity and debt to offer unique long-term financing that eliminates refinancing risk and aligns returns with business success. Duke Capital is focused on generating attractive risk-adjusted returns for shareholders and is listed on the AIM market under the ticker DUKE, with headquarters in Guernsey.
Average Trading Volume: 516,474
Technical Sentiment Signal: Sell
Learn more about DUKE stock on TipRanks’ Stock Analysis page.