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Ridley Corporation Limited ( (AU:RIC) ) has issued an update.
Ridley Corporation Limited has announced a change in the interests of its director, Michael Peter McMahon, in the company’s securities. McMahon has increased his holdings through a combination of direct acquisition of shares in lieu of director’s fees and participation in the company’s Retail Entitlement Offer. This change reflects McMahon’s growing stake in the company, which could signal confidence in Ridley Corporation’s future prospects.
The most recent analyst rating on (AU:RIC) stock is a Buy with a A$2.75 price target. To see the full list of analyst forecasts on Ridley Corporation Limited stock, see the AU:RIC Stock Forecast page.
More about Ridley Corporation Limited
Average Trading Volume: 497,259
Technical Sentiment Signal: Buy
Current Market Cap: A$1B
Learn more about RIC stock on TipRanks’ Stock Analysis page.