Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
PPK Group Limited ( (AU:PPK) ) has issued an update.
PPK Group has lifted its ownership of PowerPlus Energy to 75.4% after purchasing an additional 24.4% stake from a founding shareholder as part of a settlement, leaving it with 65.3% on a fully diluted basis. The low-cash transaction consolidates control over the battery systems subsidiary and strengthens PPK’s operational influence without invoking previously announced pricing mechanisms.
The most recent analyst rating on (AU:PPK) stock is a Hold with a A$0.41 price target. To see the full list of analyst forecasts on PPK Group Limited stock, see the AU:PPK Stock Forecast page.
More about PPK Group Limited
PPK Group operates within advanced materials and high-performance technology solutions, focusing on energy storage systems through its majority stake in PowerPlus Energy.
Average Trading Volume: 41,080
Technical Sentiment Signal: Sell
Current Market Cap: A$36.14M
See more data about PPK stock on TipRanks’ Stock Analysis page.