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Beach Energy ( (AU:BPT) ) has provided an announcement.
Mitsubishi UFJ Financial Group, Inc. has made changes in its substantial holding in Beach Energy Limited, as reflected in the updated notice of change of interests. The group’s voting power in Beach Energy has decreased from 6.26% to 5.24%, indicating a reduction in their stake in the company. This adjustment in holdings may impact Mitsubishi UFJ Financial Group’s influence over Beach Energy’s strategic decisions and could have implications for other stakeholders involved.
The most recent analyst rating on (AU:BPT) stock is a Sell with a A$1.46 price target. To see the full list of analyst forecasts on Beach Energy stock, see the AU:BPT Stock Forecast page.
More about Beach Energy
Average Trading Volume: 7,739,657
Technical Sentiment Signal: Sell
Current Market Cap: A$3B
See more data about BPT stock on TipRanks’ Stock Analysis page.