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The latest update is out from Monadelphous Group Limited ( (AU:MND) ).
Monadelphous Group Limited has announced the award of new contracts in the energy sector valued at over $100 million. The company secured a contract with Technip Energies for services related to the Shell Crux platform off Western Australia’s coast, expected to be completed by late 2026. Additionally, Monadelphous’ Inteforge division extended its agreement with Origin Energy to supply wellsite equipment for Australia Pacific LNG in Queensland, continuing a partnership that began in 2015.
The most recent analyst rating on (AU:MND) stock is a Buy with a A$15.93 price target. To see the full list of analyst forecasts on Monadelphous Group Limited stock, see the AU:MND Stock Forecast page.
More about Monadelphous Group Limited
Monadelphous Group Limited is a leading Australian engineering group with over 50 years of experience, providing construction, maintenance, and industrial services to the resources, energy, and infrastructure sectors. The company operates through two divisions: Engineering Construction and Maintenance and Industrial Services, offering multidisciplinary project management, construction, and maintenance services. Headquartered in Perth, Western Australia, Monadelphous has a significant presence in Brisbane, Queensland, and operates across Australia and internationally in China, Mongolia, Papua New Guinea, and the Philippines.
Average Trading Volume: 241,696
Technical Sentiment Signal: Buy
Current Market Cap: A$1.71B
See more data about MND stock on TipRanks’ Stock Analysis page.