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Coventry Group Limited ( (AU:CYG) ) just unveiled an announcement.
Coventry Group Limited announced a change in the director’s interest, with Director Nik Alpert acquiring 85,000 ordinary fully paid shares through an on-market trade, increasing his total holdings to 118,000 shares. This transaction reflects a significant increase in the director’s stake, potentially indicating confidence in the company’s future performance and aligning the director’s interests with those of the shareholders.
The most recent analyst rating on (AU:CYG) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Coventry Group Limited stock, see the AU:CYG Stock Forecast page.
More about Coventry Group Limited
Coventry Group Limited operates in the industrial sector, focusing on the distribution of industrial products and services. The company provides a range of fastening systems, industrial products, and related services, primarily targeting the construction and manufacturing industries.
Average Trading Volume: 51,676
Technical Sentiment Signal: Sell
Current Market Cap: A$80.66M
Learn more about CYG stock on TipRanks’ Stock Analysis page.