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An update from CTI Logistics Limited ( (AU:CLX) ) is now available.
CTI Logistics has disclosed a change in director Matthew David Watson’s interests, with the award of 18,000 performance rights under the company’s Incentive Awards Plan. The new rights, priced at $1.83 each and subject to service and performance conditions, increase Watson’s exposure to the company’s future performance and further align his incentives with shareholder interests.
The grant was made via a mix of direct and indirect holdings, including interests held through The Watson Family Trust. The move underscores CTI Logistics’ continued use of equity-based remuneration to retain and motivate key leaders as it executes its strategic and operational objectives.
The most recent analyst rating on (AU:CLX) stock is a Buy with a A$2.83 price target. To see the full list of analyst forecasts on CTI Logistics Limited stock, see the AU:CLX Stock Forecast page.
More about CTI Logistics Limited
CTI Logistics Limited is an Australian-listed company operating in the logistics and transport sector. The company provides freight, warehousing and related logistics services to a range of industrial and commercial customers across its markets.
Average Trading Volume: 31,690
Technical Sentiment Signal: Buy
Current Market Cap: A$145.6M
For detailed information about CLX stock, go to TipRanks’ Stock Analysis page.