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Challenger ( (AU:CGF) ) has shared an announcement.
Challenger Limited has announced a change in its substantial holding in Smartgroup Corporation Ltd, increasing its voting power from 5.04% to 6.07%. This adjustment in holdings reflects Challenger’s strategic positioning and potential influence within Smartgroup, which could have implications for stakeholders and the market perception of both companies.
The most recent analyst rating on (AU:CGF) stock is a Hold with a A$7.20 price target. To see the full list of analyst forecasts on Challenger stock, see the AU:CGF Stock Forecast page.
More about Challenger
Challenger Limited operates in the financial services industry, providing a range of investment and retirement solutions. The company focuses on offering life insurance, investment management, and mortgage management services, catering to both individual and institutional clients.
Average Trading Volume: 2,598,859
Technical Sentiment Signal: Buy
Current Market Cap: A$5.43B
See more insights into CGF stock on TipRanks’ Stock Analysis page.