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The latest announcement is out from Reef Casino ( (AU:RCT) ).
Iris Cairns Property Pty Ltd has announced an off-market takeover bid for all units of Reef Casino Trust, offering $3.87 per unit. The offer is unanimously recommended by the directors of Reef Corporate Services Limited, contingent upon no superior proposal emerging and an independent expert’s favorable opinion.
The most recent analyst rating on (AU:RCT) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Reef Casino stock, see the AU:RCT Stock Forecast page.
More about Reef Casino
Average Trading Volume: 9,141
Technical Sentiment Signal: Buy
Current Market Cap: A$186.3M
For a thorough assessment of RCT stock, go to TipRanks’ Stock Analysis page.