Cedar Woods Director Nathan Blackburne Increases Indirect Shareholding

Cedar Woods Properties Limited ( (AU:CWP) ) has shared an announcement.

Cedar Woods Properties Limited has disclosed a change in director Nathan John Blackburne’s indirect interest in the company’s shares, reflecting additional on-market purchases via the Stephanie Super Fund, of which he is a beneficiary. Following the acquisition of 7,042 ordinary fully paid shares at an average price of $7.10, Blackburne’s indirect holding in Cedar Woods increased to 123,212 shares through the fund, signaling a modest uplift in his equity exposure that may be interpreted as confidence in the company’s outlook by some stakeholders.

The most recent analyst rating on (AU:CWP) stock is a Hold with a A$8.00 price target. To see the full list of analyst forecasts on Cedar Woods Properties Limited stock, see the AU:CWP Stock Forecast page.

More about Cedar Woods Properties Limited

Cedar Woods Properties Limited is an Australian property developer focused on residential and mixed-use real estate projects. The company’s activities include acquiring, developing, and selling land and dwellings, with its securities listed on the ASX under the code CWP.

Average Trading Volume: 128,688

Technical Sentiment Signal: Buy

Current Market Cap: A$615.9M

For a thorough assessment of CWP stock, go to TipRanks’ Stock Analysis page.