Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
The latest update is out from Ampol Limited ( (AU:ALD) ).
Ampol Limited, through its subsidiary Z Energy, is divesting its retail electricity business, Flick, to focus on electric vehicle (EV) charging solutions. Meridian Energy Limited will acquire Flick’s customer contracts and hedge book for NZ$70 million, increasing its market share to 18%. The transaction will enable Meridian to expand its customer base and explore strategic opportunities with Ampol in EV charging and energy solutions, enhancing its industry positioning.
The most recent analyst rating on (AU:ALD) stock is a Buy with a A$31.40 price target. To see the full list of analyst forecasts on Ampol Limited stock, see the AU:ALD Stock Forecast page.
More about Ampol Limited
YTD Price Performance: -8.82%
Average Trading Volume: 1,301,075
Technical Sentiment Signal: Hold
Current Market Cap: A$6.11B
For an in-depth examination of ALD stock, go to TipRanks’ Stock Analysis page.