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An announcement from Australian Ethical Investment Ltd ( (AU:AEF) ) is now available.
Australian Ethical Investment Ltd (AEF) has announced that the Australian Prudential Regulation Authority (APRA) has imposed additional license conditions on its subsidiary, Australian Ethical Superannuation Pty Ltd (AES). These conditions require AES to appoint an independent expert to review related-party arrangements with AEF. AEF does not believe these conditions will materially affect the price or value of its securities, and the company remains confident in its governance and operational strategies. The review is seen as an opportunity to strengthen AES’s decision-making processes without financial penalties, and AEF anticipates no negative impact on members’ retirement savings.
The most recent analyst rating on (AU:AEF) stock is a Hold with a A$5.50 price target. To see the full list of analyst forecasts on Australian Ethical Investment Ltd stock, see the AU:AEF Stock Forecast page.
More about Australian Ethical Investment Ltd
Australian Ethical Investment Ltd operates in the financial services industry, focusing on ethical investment products and services. The company is known for its commitment to ethical and sustainable investment practices, with a market focus on superannuation and retail investment funds.
Average Trading Volume: 153,721
Technical Sentiment Signal: Hold
Current Market Cap: A$599.9M
Find detailed analytics on AEF stock on TipRanks’ Stock Analysis page.