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Johns Lyng Group Ltd ( (AU:JLG) ) has provided an announcement.
Johns Lyng Group Ltd is set to be removed from the ASX Official List following its acquisition by Sherwood BidCo Pty Ltd, a company managed by Pacific Equity Partners. This strategic move signifies a significant change in ownership and could impact the company’s operational strategies and market positioning, aligning with the goals of its new private equity owners.
The most recent analyst rating on (AU:JLG) stock is a Hold with a A$4.50 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 solutions for property damage, including emergency response and repair services, primarily serving insurance companies and property owners.
Average Trading Volume: 1,946,562
Technical Sentiment Signal: Hold
Current Market Cap: A$1.14B
See more insights into JLG stock on TipRanks’ Stock Analysis page.