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The latest announcement is out from Reef Casino ( (AU:RCT) ).
Reef Casino Trust has released its Target’s Statement in response to an off-market takeover bid by Iris Cairns Property Pty Ltd. The board of directors has recommended that unitholders accept the offer, which has been deemed fair and reasonable by an independent expert, provided no superior proposal emerges.
The most recent analyst rating on (AU:RCT) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Reef Casino stock, see the AU:RCT Stock Forecast page.
More about Reef Casino
Reef Casino Trust operates in the casino and entertainment industry, focusing on providing gaming and hospitality services. The company is listed on the Australian Securities Exchange and is known for its market presence in the casino sector.
YTD Price Performance: 29.32%
Average Trading Volume: 10,273
Technical Sentiment Signal: Buy
Current Market Cap: A$182.8M
For detailed information about RCT stock, go to TipRanks’ Stock Analysis page.