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Johns Lyng Group Ltd ( (AU:JLG) ) just unveiled an announcement.
Norges Bank has become a substantial holder in Johns Lyng Group Ltd, acquiring a 5.02% voting power through its management of ordinary shares. This development indicates a significant investment by the Central Bank of Norway, potentially impacting the company’s market perception and stakeholder confidence.
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
Johns Lyng Group Ltd operates in the construction and building services industry, focusing on providing insurance building and restoration services. The company is known for its expertise in managing and executing projects related to property damage and restoration, catering to both residential and commercial markets.
Average Trading Volume: 2,079,747
Technical Sentiment Signal: Sell
Current Market Cap: A$809.7M
For an in-depth examination of JLG stock, go to TipRanks’ Overview page.