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Coventry Group Limited ( (AU:CYG) ) just unveiled an announcement.
Coventry Group Limited has announced a change in the director’s interest, with Alexander James White acquiring additional shares through a Non-Renounceable Entitlement Offer and a Dividend Reinvestment Plan. This change reflects a significant increase in holdings by Richmond Hill Capital Pty Ltd, indicating a strategic move that may strengthen the company’s market position and potentially impact shareholder value.
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 is known for its comprehensive range of fasteners, fluid systems, and other industrial solutions, catering primarily to the construction and manufacturing industries.
Average Trading Volume: 48,746
Technical Sentiment Signal: Sell
Current Market Cap: A$88.96M
See more data about CYG stock on TipRanks’ Stock Analysis page.