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James Hardie Announces Quotation of New Securities on ASX

Story Highlights
  • James Hardie operates in the building materials industry, focusing on fiber cement products.
  • The company applied for quotation of 35,573 securities as part of an employee incentive scheme.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
James Hardie Announces Quotation of New Securities on ASX

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The latest announcement is out from James Hardie ( (AU:JHX) ).

James Hardie Industries PLC has announced the application for the quotation of 35,573 CHESS Depositary Interests on the Australian Securities Exchange (ASX). This move is part of an employee incentive scheme, indicating a strategic effort to enhance employee engagement and align their interests with the company’s performance, potentially impacting its market positioning positively.

The most recent analyst rating on (AU:JHX) stock is a Buy with a A$55.00 price target. To see the full list of analyst forecasts on James Hardie stock, see the AU:JHX Stock Forecast page.

More about James Hardie

James Hardie Industries PLC operates in the building materials industry, primarily focusing on the production of fiber cement products. The company is known for its innovative solutions in the construction sector, catering to both residential and commercial markets.

YTD Price Performance: -14.50%

Average Trading Volume: 3,384,456

Technical Sentiment Signal: Hold

Current Market Cap: A$18.4B

For a thorough assessment of JHX stock, go to TipRanks’ Stock Analysis page.

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