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Johns Lyng Group Ltd ( (AU:JLG) ) has provided an update.
AustralianSuper Pty Ltd has become a substantial holder in Johns Lyng Group Limited with a 5.12% voting power, holding 14,418,130 ordinary shares. This significant acquisition indicates a strong vote of confidence in Johns Lyng Group’s market position and potential growth prospects, potentially affecting stakeholder perceptions and the company’s strategic direction.
More about Johns Lyng Group Ltd
Johns Lyng Group Limited operates within the construction and building industry, focusing on providing insurance building and restoration services. The company serves a variety of markets, including residential and commercial sectors, with a strong emphasis on supporting clients in recovery from damage caused by events such as natural disasters.
YTD Price Performance: 0.27%
Average Trading Volume: 895,926
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$1.06B
For a thorough assessment of JLG stock, go to TipRanks’ Stock Analysis page.
