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An announcement from Smartgroup Corporation Ltd ( (AU:SIQ) ) is now available.
Mitsubishi UFJ Financial Group, Inc. has become a substantial holder in Smartgroup Corporation Ltd, gaining significant voting power through its interests in Morgan Stanley and First Sentier Investors Holdings Pty Limited. This development indicates a strategic move by Mitsubishi UFJ Financial Group to strengthen its influence in Smartgroup, potentially impacting the company’s governance and strategic direction.
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
Average Trading Volume: 436,334
Technical Sentiment Signal: Hold
Current Market Cap: A$974.3M
For an in-depth examination of SIQ stock, go to TipRanks’ Stock Analysis page.