Ridley Corporation Director Increases Stake Through Share Acquisition

Ridley Corporation Limited ( (AU:RIC) ) has issued an announcement.

Ridley Corporation Limited announced a change in the director’s interest, with Julie Elaine Raffe acquiring additional ordinary shares. This acquisition was made through an election to receive shares instead of part of her director’s fees and participation in the company’s Retail Entitlement Offer. This change in shareholding reflects the director’s increased investment in the company, potentially signaling confidence in Ridley’s strategic direction and market positioning.

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

Ridley Corporation Limited operates in the agribusiness industry, focusing on the production and supply of animal nutrition solutions. The company is a key player in the market, providing feed and nutrition products for livestock and aquaculture, catering to both domestic and international markets.

Average Trading Volume: 497,259

Technical Sentiment Signal: Buy

Current Market Cap: A$1B

See more data about RIC stock on TipRanks’ Stock Analysis page.