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James Hardie ( (AU:JHX) ) has issued an update.
James Hardie Industries plc, a global leader in fiber cement siding and backer board, is set to merge with The AZEK Company Inc. following the approval of AZEK’s stockholders. The merger agreement stipulates that AZEK stockholders will receive cash and shares of James Hardie, with the transaction expected to finalize by July 1, 2025. This strategic move is anticipated to enhance James Hardie’s market positioning and expand its offerings, potentially benefiting stakeholders through increased market share and product diversification.
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
YTD Price Performance: -22.21%
Average Trading Volume: 2,803,641
Technical Sentiment Signal: Sell
Current Market Cap: A$16.74B
Learn more about JHX stock on TipRanks’ Stock Analysis page.