Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Intelligent Monitoring Group Limited ( (AU:IMB) ) has issued an announcement.
Intelligent Monitoring Group Limited has completed the acquisition of Western Advance Pty Ltd, a leading security services provider in Western Australia, particularly in the Oil and Gas sector. This acquisition, valued at $4.5 million, is expected to be immediately earnings accretive and is part of IMG’s broader strategy to expand its footprint and consolidate its position in the national security services market.
The most recent analyst rating on (AU:IMB) stock is a Buy with a A$0.85 price target. To see the full list of analyst forecasts on Intelligent Monitoring Group Limited stock, see the AU:IMB Stock Forecast page.
More about Intelligent Monitoring Group Limited
Intelligent Monitoring Group Limited (IMG) operates in the security services industry, focusing on providing comprehensive security solutions. The company has a strategic market focus on expanding its operations in Western Australia, particularly in the Commercial and Enterprise sectors, and has been actively consolidating complementary acquisitions to strengthen its national platform.
Average Trading Volume: 299,576
Technical Sentiment Signal: Buy
Current Market Cap: A$227.2M
For a thorough assessment of IMB stock, go to TipRanks’ Stock Analysis page.