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Perenti Global ( (AU:PRN) ) just unveiled an announcement.
Mitsubishi UFJ Financial Group, Inc. has increased its voting power in Perenti Limited, with a substantial change in its relevant interest in voting securities. The group’s voting power has risen from 5.38% to 6.41%, indicating a strategic move to strengthen its influence within the company. This shift in voting power could have implications for Perenti’s governance and decision-making processes, potentially affecting stakeholders and the company’s market positioning.
The most recent analyst rating on (AU:PRN) stock is a Buy with a A$1.25 price target. To see the full list of analyst forecasts on Perenti Global stock, see the AU:PRN Stock Forecast page.
More about Perenti Global
YTD Price Performance: 18.12%
Average Trading Volume: 2,291,201
Technical Sentiment Signal: Buy
Current Market Cap: A$1.49B
See more insights into PRN stock on TipRanks’ Stock Analysis page.