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Duxton Water Ltd. ( (AU:RIV) ) just unveiled an update.
Rivco Australia Limited has completed the internalization of its management, impacting its post-tax net asset value per share by a 5-cent decline due to one-off costs. The company has also welcomed Chris Larsen as an independent non-executive director while Dennis Mutton retired from the board after nine years. Despite flat trading in Lower Murray spot prices, demand for forward and longer-term lease contracts remains strong, indicating a focus on water security for future seasons.
The most recent analyst rating on (AU:RIV) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Duxton Water Ltd. stock, see the AU:RIV Stock Forecast page.
More about Duxton Water Ltd.
Average Trading Volume: 134,458
Technical Sentiment Signal: Buy
Current Market Cap: A$230.3M
For an in-depth examination of RIV stock, go to TipRanks’ Overview page.