K3 Capital Group (K3C)

Sector:

Financials

Index:

FTSE AIM All-Share

 350.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 392.50
  • 52 Week Low: 140.00
  • Currency: UK Pounds
  • Shares Issued: 73.19m
  • Volume: 34,295
  • Market Cap: £256.17m

Canaccord Genuity raises target price on K3 Capital following acquisitions

By Iain Gilbert

Date: Thursday 08 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Canaccord Genuity raised their target price on professional services business K3 Capital from 398.0p to 452.0p on Thursday after the firm made a number of accretive acquisitions.
K3 Capital recently completed an equity fundraising of £10.0m and issued £3.1m consideration shares at a price of 340.0p in order to fund the acquisitions of Knight Corporate Finance and Knight R&D.

Canaccord, which reiterated its 'buy' rating on the stock, said both businesses were "high-growth, high-margin businesses" which complemented K3's existing M&A and tax offerings, respectively.

"Based on conservative growth assumptions, we estimate that the combined acquisitions should be 13.4% and 13.5% earnings enhancing in FY22E (assuming an 11-month contribution) and FY23E, respectively (K3 has a May y/e)," said Canaccord.

"In our view, these proposed acquisitions are consistent with K3's strategy to build a diversified SME-focussed professional services offering, by acquiring immediately earnings enhancing targets at attractive multiples."

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K3C Market Data

Currency UK Pounds
Share Price 350.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 392.50
52 Week Low 140.00
Volume 34,295
Shares Issued 73.19m
Market Cap £256.17m

K3C Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.24% below the market average88.24% below the market average88.24% below the market average88.24% below the market average88.24% below the market average
89.78% below the sector average89.78% below the sector average89.78% below the sector average89.78% below the sector average89.78% below the sector average
Price Trend
87.80% above the market average87.80% above the market average87.80% above the market average87.80% above the market average87.80% above the market average
84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average
Income
19.21% above the market average19.21% above the market average19.21% above the market average19.21% above the market average19.21% above the market average
55.84% below the sector average55.84% below the sector average55.84% below the sector average55.84% below the sector average55.84% below the sector average
Growth
46.49% above the market average46.49% above the market average46.49% above the market average46.49% above the market average46.49% above the market average
Sector averageSector averageSector averageSector averageSector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

K3C Dividends

  Latest Previous
  Interim Final
Ex-Div 25-Feb-21 08-Oct-20
Paid 17-Mar-21 27-Oct-20
Amount 3.00p 3.80p

Trades for 21-Sep-2021

Time Volume / Share Price
16:29 3,894 @ 346.40p
16:18 2,193 @ 346.90p
15:27 2,000 @ 343.00p
14:57 386 @ 347.00p
14:21 2 @ 344.00p

K3C Key Personnel

CEO John Stephen Rigby
CFO Andrew Robert Melbourne

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