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Ardent Leisure’s Dreamworld Development Faces State-Level Review

Story Highlights
  • Ardent Leisure operates theme parks like Dreamworld and WhiteWater World.
  • Queensland’s Deputy Premier may assess Ardent’s development application for economic and environmental reasons.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Ardent Leisure’s Dreamworld Development Faces State-Level Review

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Ardent Leisure Group Ltd ( (AU:CEH) ) has provided an update.

Coast Entertainment Holdings Limited, part of Ardent Leisure Group Ltd, has received a Proposed Call-In Notice from the Queensland Deputy Premier regarding their Preliminary Approval Development Application. This indicates potential state-level assessment due to the project’s economic and environmental implications. The company awaits further developments and has not committed to any land use plans pending the application’s approval.

The most recent analyst rating on (AU:CEH) stock is a Buy with a A$0.64 price target. To see the full list of analyst forecasts on Ardent Leisure Group Ltd stock, see the AU:CEH Stock Forecast page.

More about Ardent Leisure Group Ltd

Ardent Leisure Group Ltd operates in the entertainment and leisure industry, primarily focusing on theme parks and attractions. Their key properties include Dreamworld, WhiteWater World, SkyPoint, and SkyPoint Climb, which are significant tourist destinations in Queensland, Australia.

Average Trading Volume: 1,350,685

Technical Sentiment Signal: Sell

Current Market Cap: A$155.4M

For an in-depth examination of CEH stock, go to TipRanks’ Overview page.

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