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The latest announcement is out from JB Hi-Fi Limited ( (AU:JBH) ).
JB Hi-Fi has disclosed a change in director Christy Boyce’s indirect interest in the company’s shares. Through CVF Australia Pty Ltd, as trustee of a family trust in which she is a beneficiary, Boyce acquired 1,100 ordinary shares on market for $85,368, increasing her indirect holding from 900 to 2,000 shares.
The on-market purchase signals a higher personal financial exposure by the director to JB Hi-Fi’s equity, which can be viewed by investors as a demonstration of confidence in the retailer’s prospects. The company stated there was no related change in any contracts or closed-period trading conditions linked to this transaction.
The most recent analyst rating on (AU:JBH) stock is a Hold with a A$82.00 price target. To see the full list of analyst forecasts on JB Hi-Fi Limited stock, see the AU:JBH Stock Forecast page.
More about JB Hi-Fi Limited
JB Hi-Fi Limited is an Australian retailer specialising in consumer electronics, home entertainment, and related products. The company operates a large network of stores and online channels, targeting value-conscious customers seeking audio-visual equipment, computers, mobile devices, and household appliances across Australia and New Zealand.
Average Trading Volume: 479,523
Technical Sentiment Signal: Hold
Current Market Cap: A$8.37B
For an in-depth examination of JBH stock, go to TipRanks’ Overview page.