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The latest update is out from Brickworks Ltd ( (AU:BKW) ).
Brickworks Limited announced that the Supreme Court of New South Wales has approved the BKW Share Scheme, facilitating its combination with Washington H. Soul Pattinson and Company Limited to form a new ASX-listed entity, First Services Company Ltd. This strategic move is expected to enhance Brickworks’ market positioning by creating a newly capitalised company, with trading in Topco shares set to commence soon, potentially impacting shareholders and the company’s operational dynamics.
The most recent analyst rating on (AU:BKW) stock is a Hold with a A$34.25 price target. To see the full list of analyst forecasts on Brickworks Ltd stock, see the AU:BKW Stock Forecast page.
More about Brickworks Ltd
Brickworks is Australia’s largest and most trusted brick manufacturer, with a diversified portfolio that includes Building Products Australia, Building Products North America, Industrial Property, and Investments. The company is known for its brands like Austral Bricks and Glen-Gery, and has a significant investment in Soul Patts, providing stability and growth through dividends.
Average Trading Volume: 214,069
Technical Sentiment Signal: Buy
Current Market Cap: A$5.53B
Learn more about BKW stock on TipRanks’ Stock Analysis page.