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An announcement from Lorne Park Capital ( (TSE:LPC) ) is now available.
Lorne Park Capital Partners Inc. has received non-objection from the Ontario Securities Commission for its going private transaction, allowing an affiliate of Sagard Private Equity Canada LP to acquire all outstanding shares for C$2.23 per share, valuing the company at approximately C$126.8 million. Additionally, its subsidiary, Bellwether Investment Management Inc., has settled with the Ontario Securities Commission over past compliance deficiencies, appointing new leadership to enhance its compliance system.
The most recent analyst rating on (TSE:LPC) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on Lorne Park Capital stock, see the TSE:LPC Stock Forecast page.
Spark’s Take on TSE:LPC Stock
According to Spark, TipRanks’ AI Analyst, TSE:LPC is a Outperform.
Lorne Park Capital’s strong financial performance is the most significant factor, with robust revenue growth and efficient cost management. Technical analysis shows a positive trend, though the stock may be overbought. Valuation is a concern with a high P/E ratio, suggesting potential overvaluation. The absence of earnings call and corporate events data limits additional insights.
To see Spark’s full report on TSE:LPC stock, click here.
More about Lorne Park Capital
Lorne Park Capital Partners Inc. is a company that brings together boutique investment management and wealth advisory firms to provide cost-effective investment solutions to affluent investors, foundations, estates, and trusts. The company aims to align investment managers and wealth advisors while offering resources to accelerate growth. Bellwether Investment Management Inc., a subsidiary, offers tailored investment solutions using a proprietary ‘Disciplined Dividend Growth’ Investment Process, focusing on global dividend growth investing.
Average Trading Volume: 7,409
Technical Sentiment Signal: Buy
Current Market Cap: C$121.3M
Learn more about LPC stock on TipRanks’ Stock Analysis page.