TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
DGL Group Limited ( (AU:DGL) ) has shared an announcement.
DGL Group Limited has completed the sale of three non-strategic properties, generating approximately $25.6 million in net proceeds, which exceeded the book value by $0.7 million. The proceeds from this sale have been used to reduce the company’s net debt by around 22%, reflecting DGL’s active management of its property portfolio and strategic focus on core operations.
The most recent analyst rating on (AU:DGL) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on DGL Group Limited stock, see the AU:DGL Stock Forecast page.
More about DGL Group Limited
DGL Group Limited is an established, founder-led chemicals business that offers comprehensive solutions for the sourcing, manufacturing, storage, transport, recycling, and disposal of chemicals and hazardous waste. The company operates a wide network to provide specialized chemical services to essential industries across Australia and New Zealand.
Average Trading Volume: 210,099
Technical Sentiment Signal: Buy
Current Market Cap: A$152.6M
For an in-depth examination of DGL stock, go to TipRanks’ Overview page.