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An announcement from Perpetual Limited ( (AU:PPT) ) is now available.
Perpetual Limited has entered into an Exclusivity Deed with Bain Capital Private Equity to explore the potential sale of its Wealth Management business. While there is no certainty of a binding agreement or transaction, Perpetual will keep shareholders informed as part of its continuous disclosure obligations.
The most recent analyst rating on (AU:PPT) stock is a Hold with a A$22.40 price target. To see the full list of analyst forecasts on Perpetual Limited stock, see the AU:PPT Stock Forecast page.
More about Perpetual Limited
Perpetual Limited is a global financial services firm listed on the ASX, operating a multi-boutique asset management business, wealth management, and trustee services. The company owns prominent asset management brands such as Perpetual, Pendal, and Barrow Hanley, and provides services to high-net-worth clients, not-for-profits, and private businesses. Headquartered in Sydney, Perpetual has a global presence with offices across Australia, Asia, Europe, the UK, and the US.
Average Trading Volume: 268,565
Technical Sentiment Signal: Sell
Current Market Cap: A$2.18B
For a thorough assessment of PPT stock, go to TipRanks’ Stock Analysis page.