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The latest announcement is out from Duratec Limited ( (AU:DUR) ).
Duratec Limited announced that Mr. Phil Harcourt, a Non-Executive Director, has sold 3.8 million shares, representing 1.48% of the company’s issued capital, to diversify his personal investments. Despite the sale, Mr. Harcourt retains a 7.83% shareholding and remains committed to the company, with no plans to sell more shares in the near future. This move reflects a personal financial decision rather than a shift in company strategy, and it underscores Mr. Harcourt’s continued confidence in Duratec’s long-term prospects.
The most recent analyst rating on (AU:DUR) stock is a Buy with a A$1.90 price target. To see the full list of analyst forecasts on Duratec Limited stock, see the AU:DUR Stock Forecast page.
More about Duratec Limited
Duratec Limited is a leading Australian contractor specializing in the assessment, protection, remediation, and refurbishment of various assets and infrastructure. The company combines engineering experience with project delivery expertise, utilizing in-house assessment technologies like 3D capture and predictive analysis tools. Headquartered in Wangara, Western Australia, Duratec operates in 19 locations across the country, serving sectors such as Defence, Commercial Building & Facade, Infrastructure, Mining & Industrial, and Power and Energy.
Average Trading Volume: 370,681
Technical Sentiment Signal: Buy
Current Market Cap: A$467.8M
For detailed information about DUR stock, go to TipRanks’ Stock Analysis page.