Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Qube Holdings ( (AU:QUB) ) has issued an announcement.
Qube Holdings has announced the sale of its interest in a 202-hectare parcel of land in Beveridge, Victoria, to asset manager C Capital for approximately $111 million in cash proceeds, generating a pre-tax profit of approximately $100 million. While this sale concludes Qube’s investment in the Beveridge Intermodal Precinct development, the company emphasized its continued commitment to supporting Australia’s freight infrastructure expansion, which aligns with its strategic focus on reducing road congestion and emissions within the transport sector.
The most recent analyst rating on (AU:QUB) stock is a Hold with a A$4.30 price target. To see the full list of analyst forecasts on Qube Holdings stock, see the AU:QUB Stock Forecast page.
More about Qube Holdings
Qube Holdings Limited is a prominent provider of integrated logistics solutions in Australia, specializing in freight, logistics, and infrastructure development. The company plays a pivotal role in supporting Australia’s transportation sector, with a focus on innovative solutions for freight movement and infrastructure to drive economic growth and sustainability.
Average Trading Volume: 5,127,057
Technical Sentiment Signal: Buy
Current Market Cap: A$8.27B
Find detailed analytics on QUB stock on TipRanks’ Stock Analysis page.