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Intelligent Monitoring Group Limited ( (AU:IMB) ) just unveiled an announcement.
Intelligent Monitoring Group Limited has announced the acquisition of BNP Securities Pty Ltd for $4.2 million, a strategic move to expand its ADT Guard division’s presence in the Australian security market. This acquisition is expected to be immediately earnings accretive, enhancing IMG’s operational scale and enabling a broader rollout of its video monitoring strategy, which promises significant cost reductions and improved security outcomes.
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 industry, offering modern, cost-effective video monitoring solutions. The company focuses on enhancing security through its ADT Guard division, aiming to replace traditional manpower with advanced video technology.
Average Trading Volume: 356,415
Technical Sentiment Signal: Buy
Current Market Cap: A$229M
For detailed information about IMB stock, go to TipRanks’ Stock Analysis page.