Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Imdex Ltd ( (AU:IMD) ) just unveiled an announcement.
Mitsubishi UFJ Financial Group, Inc. has become a substantial holder in Imdex Ltd, acquiring a significant voting power through its interests in Morgan Stanley and First Sentier Group Limited. This development indicates a strategic positioning by Mitsubishi UFJ Financial Group, Inc. to influence Imdex Ltd’s operations, potentially impacting the company’s future decisions and stakeholder interests.
The most recent analyst rating on (AU:IMD) stock is a Buy with a A$2.25 price target. To see the full list of analyst forecasts on Imdex Ltd stock, see the AU:IMD Stock Forecast page.
More about Imdex Ltd
Average Trading Volume: 1,066,784
Technical Sentiment Signal: Buy
Current Market Cap: A$1.4B
See more insights into IMD stock on TipRanks’ Stock Analysis page.
Trending Articles:
- “The No. 1 Destination for the Most Talented Artists”: Netflix Stock (NASDAQ:NFLX) Notches Up as the Duffer Brothers Consider Jumping Ship
- “Breakthrough EVs”: Ford Stock (NYSE:F) Notches Up on New Battery Details
- “An Equity Stake”: Intel Stock (NASDAQ:INTC) Surges as U.S. Government May Buy In With CHIPS Act Money