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Lindsay Australia Limited ( (AU:LAU) ) has issued an announcement.
Lindsay Australia Limited has announced a proposed issue of 46,500,000 fully paid ordinary securities, set to take place on June 30, 2025. This strategic move is expected to enhance the company’s capital base, potentially strengthening its market position and providing additional resources for operational expansion, which could have significant implications for its stakeholders.
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 in the logistics and transport industry, providing services that include freight transportation, logistics solutions, and rural supply services. The company focuses on offering efficient and reliable transport services across Australia, catering to the needs of various sectors including agriculture and retail.
Average Trading Volume: 1,114,391
Technical Sentiment Signal: Hold
Current Market Cap: A$236.3M
Find detailed analytics on LAU stock on TipRanks’ Stock Analysis page.