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Norges Bank Acquires Substantial Stake in Johns Lyng Group

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Norges Bank Acquires Substantial Stake in Johns Lyng Group

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An announcement from Johns Lyng Group Ltd ( (AU:JLG) ) is now available.

Norges Bank has become a substantial holder in Johns Lyng Group Ltd, acquiring a 5.01% voting power through its management of ordinary shares. This acquisition signifies a notable investment by the Central Bank of Norway, potentially impacting the company’s market positioning and stakeholder interests.

The most recent analyst rating on (AU:JLG) stock is a Buy with a A$5.03 price target. To see the full list of analyst forecasts on Johns Lyng Group Ltd stock, see the AU:JLG Stock Forecast page.

More about Johns Lyng Group Ltd

Average Trading Volume: 2,013,300

Technical Sentiment Signal: Sell

Current Market Cap: A$719.1M

For detailed information about JLG stock, go to TipRanks’ Stock Analysis page.

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