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RF Capital Group ( (TSE:RCG) ) has provided an announcement.
RF Capital Group Inc. has received final court approval for its acquisition by iA Financial Corporation Inc., which will involve the purchase of all outstanding common and preferred shares for cash. The arrangement has also been cleared by the Competition Bureau, and the company anticipates completion by the fourth quarter of 2025, pending further regulatory approvals and customary closing conditions. This acquisition marks a significant development in RF Capital’s operations, potentially enhancing its market positioning and offering substantial returns to its shareholders.
The most recent analyst rating on (TSE:RCG) stock is a Buy with a C$21.50 price target. To see the full list of analyst forecasts on RF Capital Group stock, see the TSE:RCG Stock Forecast page.
Spark’s Take on TSE:RCG Stock
According to Spark, TipRanks’ AI Analyst, TSE:RCG is a Outperform.
RF Capital Group’s stock score is driven by strong technical indicators and positive corporate developments, such as the acquisition by iA Financial Corporation, which is expected to create synergies and enhance market presence. However, the stock is hindered by a poor valuation due to negative profitability metrics. Financial performance is improving but still faces challenges with profitability and operational efficiency.
To see Spark’s full report on TSE:RCG stock, click here.
More about RF Capital Group
RF Capital Group Inc. is a wealth management-focused company listed on the TSX under the symbol RCG. Operating under the Richardson Wealth brand, it is one of Canada’s largest independent wealth management firms, managing $42.0 billion in assets across 23 offices nationwide. The company provides strategic wealth advice and innovative investment solutions tailored for high net worth and ultra-high net worth families and entrepreneurs. RF Capital is committed to exceptional fiduciary standards and has been recognized as a great place to work for seven consecutive years.
Average Trading Volume: 42,902
Technical Sentiment Signal: Buy
Current Market Cap: C$287M
For detailed information about RCG stock, go to TipRanks’ Stock Analysis page.