Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Magellan Financial Group Ltd ( (AU:MFG) ) has provided an update.
Magellan Financial Group Ltd has lodged an Appendix 3B with the ASX outlining a proposed issue of securities, formally applying for quotation of the new securities on the exchange. The filing confirms that Magellan agrees to ASX’s terms for quoting the securities, including any deferred settlement trading, signaling a forthcoming capital markets transaction that may affect its capital structure and the tradable securities available to investors.
The most recent analyst rating on (AU:MFG) stock is a Buy with a A$9.50 price target. To see the full list of analyst forecasts on Magellan Financial Group Ltd stock, see the AU:MFG Stock Forecast page.
More about Magellan Financial Group Ltd
Magellan Financial Group Ltd is an Australian-listed company in the financial services sector. It operates under ASX issuer code MFG and is incorporated in Australia, holding Australian Company Number 108 437 592.
YTD Price Performance: -11.49%
Average Trading Volume: 633,711
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$1.41B
For detailed information about MFG stock, go to TipRanks’ Stock Analysis page.