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The latest update is out from Premier Investments Limited ( (AU:PMV) ).
Premier Investments Limited announced the successful completion of a major transaction with Myer Holdings Limited, transforming its retail business into a high-margin two-brand operation. This strategic move resulted in a significant distribution of value to shareholders, including a fully franked distribution and capital reduction, enhancing shareholder returns and solidifying the company’s financial position with a strong balance sheet.
The most recent analyst rating on (AU:PMV) stock is a Buy with a A$24.00 price target. To see the full list of analyst forecasts on Premier Investments Limited stock, see the AU:PMV Stock Forecast page.
More about Premier Investments Limited
Premier Investments Limited operates in the retail industry, focusing on high-margin brands such as Peter Alexander and Smiggle. The company has a significant presence with over 400 proprietary stores across multiple countries and maintains a strategic investment in Breville Group Limited.
Average Trading Volume: 367,795
Technical Sentiment Signal: Sell
Current Market Cap: A$2.85B
For detailed information about PMV stock, go to TipRanks’ Stock Analysis page.