Spar Group (SGRP, Financial) has publicly addressed a recent press release and filing issued by its founder, Robert Brown, refuting what it described as "numerous false claims" concerning the company, its board of directors, and management. Brown, who established Spar and served as its chairman in 1967, reportedly made these assertions at age 83. The board expressed dissatisfaction with Brown's decision to issue such a statement and criticized what they see as a self-serving proposal. Spar Group's board has stated it believes Brown's actions serve his personal interests rather than those of the company's broader shareholder base.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for SPAR Group Inc (SGRP, Financial) is $7.00 with a high estimate of $7.00 and a low estimate of $7.00. The average target implies an upside of 566.67% from the current price of $1.05. More detailed estimate data can be found on the SPAR Group Inc (SGRP) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, SPAR Group Inc's (SGRP, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for SPAR Group Inc (SGRP, Financial) in one year is $0.75, suggesting a downside of 28.57% from the current price of $1.05. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the SPAR Group Inc (SGRP) Summary page.
