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An announcement from Lindsay Australia Limited ( (AU:LAU) ) is now available.
Lindsay Australia Limited has issued 46.5 million new fully paid ordinary shares to the shareholders of SRT Logistics Pty Ltd as part of its acquisition of the company. This strategic move, executed under a Share Sale and Purchase Agreement, is expected to enhance Lindsay Australia’s operational capabilities and market positioning within the logistics sector.
The most recent analyst rating on (AU:LAU) stock is a Buy with a A$1.30 price target. To see the full list of analyst forecasts on Lindsay Australia Limited stock, see the AU:LAU Stock Forecast page.
More about Lindsay Australia Limited
Lindsay Australia Limited operates within the logistics and transportation industry, providing services and solutions primarily focused on freight and logistics management. The company is known for its comprehensive transport services, catering to various market needs with a strong presence in Australia.
Average Trading Volume: 617,040
Technical Sentiment Signal: Sell
Current Market Cap: A$228.4M
For a thorough assessment of LAU stock, go to TipRanks’ Stock Analysis page.