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IDP Education Ltd. ( (AU:IEL) ) has issued an update.
Challenger Limited has notified the market that it has ceased to be a substantial holder in IDP Education Limited, lodging a formal notice with the ASX. The filing, signed by Challenger’s company secretary, confirms that Challenger and its associated entities have reduced their holding below the substantial shareholder threshold, signalling a withdrawal of its previous large-investor position in the education services group.
The most recent analyst rating on (AU:IEL) stock is a Hold with a A$5.50 price target. To see the full list of analyst forecasts on IDP Education Ltd. stock, see the AU:IEL Stock Forecast page.
More about IDP Education Ltd.
IDP Education Limited operates in the international education services sector, connecting students with universities and educational institutions worldwide. The company is known for student placement services and related support offerings that facilitate global study opportunities.
Average Trading Volume: 2,083,082
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$884.5M
See more data about IEL stock on TipRanks’ Stock Analysis page.