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Fiducian Group Ltd ( (AU:FID) ) has issued an update.
Fiducian Group Limited has announced that its subsidiary, Fiducian Investment Management Services Limited (FIMS), has filed a defense in civil proceedings initiated by the Australian Securities and Investments Commission (ASIC). The proceedings allege that the product disclosure statement for the Fiducian Diversified Social Aspirations Fund contained misleading statements and that FIMS failed to comply with the fund’s compliance plan, acting without due care and diligence. The company has committed to keeping the market informed as per disclosure requirements.
The most recent analyst rating on (AU:FID) stock is a Hold with a A$13.50 price target. To see the full list of analyst forecasts on Fiducian Group Ltd stock, see the AU:FID Stock Forecast page.
More about Fiducian Group Ltd
Fiducian Group Limited operates in the financial services industry, focusing on investment management and financial planning services. It offers a range of products including diversified funds and aims to serve clients seeking comprehensive financial solutions.
Average Trading Volume: 22,951
Technical Sentiment Signal: Buy
Current Market Cap: A$383.5M
For a thorough assessment of FID stock, go to TipRanks’ Stock Analysis page.