Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest announcement is out from Eagers Automotive Limited ( (AU:APE) ).
Eagers Automotive Limited has announced the completion of a strategic placement to Mitsubishi Corporation, raising approximately A$50 million through the issuance of 2,777,778 fully paid ordinary shares at A$18.00 per share. This move is part of Eagers’ strategic initiatives to strengthen its financial position and enhance its market presence, with the company ensuring compliance with relevant provisions of the Corporations Act.
The most recent analyst rating on (AU:APE) stock is a Hold with a A$29.50 price target. To see the full list of analyst forecasts on Eagers Automotive Limited stock, see the AU:APE Stock Forecast page.
More about Eagers Automotive Limited
Eagers Automotive Limited operates in the automotive industry, focusing on the sale and distribution of motor vehicles. The company is listed on the Australian Securities Exchange (ASX) under the ticker APE.
Average Trading Volume: 496,660
Technical Sentiment Signal: Buy
Current Market Cap: A$9.55B
For a thorough assessment of APE stock, go to TipRanks’ Stock Analysis page.