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Inghams Group Ltd. ( (AU:ING) ) has issued an update.
Mitsubishi UFJ Financial Group, Inc. has lodged a notice with the market regulator indicating it has ceased to be a substantial holder in Inghams Group Limited, the Australian poultry producer. The filing details a series of transactions, largely purchases of fully paid ordinary shares executed by an entity controlled by Morgan Stanley, that have altered Mitsubishi UFJ’s relevant interest and voting power below the substantial holding threshold, signalling a change in the company’s institutional shareholder base and potentially affecting the liquidity and ownership structure of Inghams’ stock.
The most recent analyst rating on (AU:ING) stock is a Buy with a A$2.75 price target. To see the full list of analyst forecasts on Inghams Group Ltd. stock, see the AU:ING Stock Forecast page.
More about Inghams Group Ltd.
Inghams Group Limited (ACN 162 709 506) is an Australian listed company operating in the food sector, known primarily for its poultry and related products supplied to retail, foodservice and quick-service restaurant customers across Australia and New Zealand.
Average Trading Volume: 2,023,622
Technical Sentiment Signal: Sell
Current Market Cap: A$931.7M
For a thorough assessment of ING stock, go to TipRanks’ Stock Analysis page.