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An announcement from GenusPlus Group Ltd. ( (AU:GNP) ) is now available.
GenusPlus Group Ltd announced the release of 2,460,937 fully paid ordinary shares from voluntary escrow, linked to its acquisition of Partum Engineering Pty Ltd. This release signifies a strategic move following the acquisition, with 357,277 shares remaining under escrow until December 2026, potentially impacting shareholder value and market perception.
The most recent analyst rating on (AU:GNP) stock is a Buy with a A$6.00 price target. To see the full list of analyst forecasts on GenusPlus Group Ltd. stock, see the AU:GNP Stock Forecast page.
More about GenusPlus Group Ltd.
GenusPlus Group Ltd is a specialist provider of power and communications infrastructure and services across Australia. The company designs, builds, and maintains electrical transmission and distribution networks, substations, and battery systems. GenusPlus supports the integration of new generation technology into traditional networks and offers scalable communication network solutions, including network design and infrastructure.
Average Trading Volume: 276,231
Technical Sentiment Signal: Buy
Current Market Cap: A$1.18B
For a thorough assessment of GNP stock, go to TipRanks’ Stock Analysis page.