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Smartgroup Corporation Ltd ( (AU:SIQ) ) has provided an announcement.
Mitsubishi UFJ Financial Group, Inc. has ceased to be a substantial holder in Smartgroup Corporation Limited. This change in substantial holding is due to the purchase of securities by an entity controlled by Morgan Stanley, affecting the voting securities of Smartgroup Corporation. The announcement indicates a shift in the ownership structure of Smartgroup, which could impact its market positioning and influence within the industry.
The most recent analyst rating on (AU:SIQ) stock is a Hold with a A$9.50 price target. To see the full list of analyst forecasts on Smartgroup Corporation Ltd stock, see the AU:SIQ Stock Forecast page.
More about Smartgroup Corporation Ltd
YTD Price Performance: 1.68%
Average Trading Volume: 444,603
Technical Sentiment Signal: Buy
Current Market Cap: A$1.03B
For a thorough assessment of SIQ stock, go to TipRanks’ Stock Analysis page.
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