Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest announcement is out from RF Capital Group ( (TSE:RCG) ).
RF Capital Group Inc. has obtained shareholder approval for its acquisition by iA Financial Corporation Inc. The arrangement involves iA Financial acquiring all issued and outstanding common and Series B preferred shares of RF Capital for cash consideration. The approval was overwhelmingly supported by shareholders, with over 98% of common shareholders and over 99% of Series B preferred shareholders voting in favor. The completion of the acquisition is contingent upon receiving the final court order and regulatory approvals. This acquisition is expected to significantly impact RF Capital’s operations and market positioning, potentially enhancing its service offerings and market reach.
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 TSX-listed wealth management-focused company operating under the Richardson Wealth brand. It is one of the largest independent wealth management firms in Canada, managing $42.0 billion in assets with 23 offices nationwide. The company specializes in providing strategic wealth advice and innovative investment solutions for high net worth and ultra-high net worth families and entrepreneurs. RF Capital is recognized for its exceptional fiduciary standards and workplace culture.
YTD Price Performance: 159.95%
Average Trading Volume: 42,690
Technical Sentiment Signal: Buy
Current Market Cap: C$287M
Learn more about RCG stock on TipRanks’ Stock Analysis page.