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Webjet Group Limited ( (AU:WJL) ) just unveiled an update.
The Federal Court has approved an agreement between Webjet Group Limited and the Australian Consumer and Competition Commission (ACCC) to resolve legal proceedings concerning Webjet Marketing’s past disclosure practices. As part of the agreement, Webjet Marketing will pay a $9 million penalty, publish a corrective notice, implement a compliance program, and contribute $100,000 towards the ACCC’s costs. This resolution marks a significant step in addressing regulatory concerns and reinforces Webjet’s commitment to compliance with consumer laws.
The most recent analyst rating on (AU:WJL) stock is a Buy with a A$1.10 price target. To see the full list of analyst forecasts on Webjet Group Limited stock, see the AU:WJL Stock Forecast page.
More about Webjet Group Limited
Webjet Group Limited is a company operating in the travel industry, primarily offering online travel booking services. It focuses on providing convenient and accessible travel solutions through its website and mobile application.
Average Trading Volume: 2,354,504
Technical Sentiment Signal: Strong Buy
For detailed information about WJL stock, go to TipRanks’ Stock Analysis page.