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
ASX ( (AU:ASX) ) has shared an announcement.
ASX Limited has committed to a strategic package of actions in response to an ASIC inquiry, aimed at enhancing its market infrastructure reliability. This includes a $150 million capital charge and a strategic reset of its Accelerate Program, which will involve governance changes and a revised regulatory approach. The company will adjust its dividend policy to accommodate the capital requirements, impacting its return on equity and financial guidance for the upcoming years.
The most recent analyst rating on (AU:ASX) stock is a Sell with a A$54.05 price target. To see the full list of analyst forecasts on ASX stock, see the AU:ASX Stock Forecast page.
More about ASX
ASX Limited operates in the financial services industry, primarily providing market infrastructure services. It focuses on offering clearing, settlement, and trading services for various financial instruments in Australia.
YTD Price Performance: -9.57%
Average Trading Volume: 514,222
Technical Sentiment Signal: Sell
Current Market Cap: A$11.05B
Find detailed analytics on ASX stock on TipRanks’ Stock Analysis page.