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James Hardie Issues Unquoted Ordinary Shares

Story Highlights
  • James Hardie operates in the building materials industry, focusing on fiber cement products.
  • The company issued 51,884 unquoted shares, impacting market positioning and shareholder value.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
James Hardie Issues Unquoted Ordinary Shares

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James Hardie ( (AU:JHX) ) just unveiled an update.

James Hardie Industries PLC announced the issuance of 51,884 unquoted ordinary shares as part of a previously disclosed transaction. This move is part of the company’s ongoing financial strategies and may influence its market positioning by potentially affecting shareholder value and investment appeal.

The most recent analyst rating on (AU:JHX) stock is a Hold with a A$31.00 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 manufacture of fiber cement products. The company is known for its innovative solutions in construction materials, catering to both residential and commercial markets.

YTD Price Performance: -40.22%

Average Trading Volume: 3,557,120

Technical Sentiment Signal: Sell

Current Market Cap: A$17.33B

For detailed information about JHX stock, go to TipRanks’ Stock Analysis page.

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