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Ingenia Communities Group ( (AU:INA) ) has issued an announcement.
Ingenia Communities Group, a company involved in real estate and property management, has announced that Mitsubishi UFJ Financial Group, Inc. has become a substantial holder in the company. Mitsubishi UFJ Financial Group, Inc. now holds a 5.15% voting power in Ingenia Communities Group through its relevant interests in securities managed by Morgan Stanley and First Sentier Investors Holdings Pty Limited. This development could potentially influence Ingenia’s strategic decisions and market positioning, given the significant stake acquired by a major financial entity.
The most recent analyst rating on (AU:INA) stock is a Hold with a A$6.15 price target. To see the full list of analyst forecasts on Ingenia Communities Group stock, see the AU:INA Stock Forecast page.
More about Ingenia Communities Group
Average Trading Volume: 905,091
Technical Sentiment Signal: Buy
Current Market Cap: A$2.33B
For an in-depth examination of INA stock, go to TipRanks’ Stock Analysis page.