skip to content

Market News

Innovation Group downgraded by N+1

01 September 2015 14:49

N+1 Singer has downgraded its recommendation on The Innovation Group (LON:TIG) to hold from buy after the board unanimously recommended a 40p cash offer for the group by Carlyle Europe Partners.

Nevertheless, the broker added: "We believe the deal will go ahead and brings to a conclusion a successful period under which the management team had turned around the business (from 2009) through a combined organic and inorganic growth strategy."

Analysts have also aligned their target price to the offer price at 40 pence a share.

At 2:49pm: (LON:TIG) Innovation Group The PLC share price was +1.13p at 39.88p

Story provided by StockMarketWire.com

Related Company: TIG

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

-

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.