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The latest announcement is out from Challenger ( (AU:CGF) ).
Goldman Sachs Australia Pty Ltd has entered into an agreement to underwrite a secondary block of Ordinary Shares in Challenger Limited, resulting in a temporary relevant interest of approximately 5.54% of Challenger’s Ordinary Shares. This interest will cease following the settlement scheduled for June 19, 2025, as per the terms of the Sale Agreement, indicating a strategic financial maneuver by Goldman Sachs that could impact its market positioning and stakeholder interests.
The most recent analyst rating on (AU:CGF) stock is a Hold with a A$7.00 price target. To see the full list of analyst forecasts on Challenger stock, see the AU:CGF Stock Forecast page.
More about Challenger
Average Trading Volume: 3,122,949
Technical Sentiment Signal: Buy
Current Market Cap: A$5.39B
See more insights into CGF stock on TipRanks’ Stock Analysis page.