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Johns Lyng Group Initiates Trading Halt Amidst Speculation

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Johns Lyng Group Initiates Trading Halt Amidst Speculation

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Johns Lyng Group Ltd ( (AU:JLG) ) has issued an announcement.

Johns Lyng Group Ltd has requested a trading halt on its securities due to media speculation about a potential change of control transaction. This halt will last until the company makes an announcement regarding the transaction or until normal trading resumes on June 12, 2025. The halt aims to manage the market’s expectations and ensure fair trading conditions.

The most recent analyst rating on (AU:JLG) stock is a Buy with a A$5.03 price target. To see the full list of analyst forecasts on Johns Lyng Group Ltd stock, see the AU:JLG Stock Forecast page.

More about Johns Lyng Group Ltd

Johns Lyng Group Ltd operates in the building and construction industry, providing insurance building and restoration services. The company focuses on delivering a range of services including disaster recovery, building maintenance, and commercial building projects.

Average Trading Volume: 2,108,010

Technical Sentiment Signal: Sell

Current Market Cap: A$719.1M

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

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