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Coventry Group Limited ( (AU:CYG) ) just unveiled an update.
Coventry Group Limited has announced a change in the director’s interest, with Craig Evan Coleman acquiring an additional 9,712,124 shares through a Non-Renounceable Entitlement Offer, increasing his total holdings to 43,704,566 shares. This acquisition reflects a strategic move by the director, potentially strengthening his influence within the company and signaling confidence in Coventry Group’s future prospects.
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 supply of fasteners, industrial products, and related services. The company serves various markets, including construction, mining, and manufacturing, providing essential components and solutions.
Average Trading Volume: 48,251
Technical Sentiment Signal: Sell
Current Market Cap: A$88.96M
See more insights into CYG stock on TipRanks’ Stock Analysis page.