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Scentre Group ( (AU:SCG) ) has shared an update.
Scentre Group has acknowledged a media report about a potential sale of a further interest in Westfield Chermside to a Dexus fund, as part of its ongoing capital management strategy. The company is exploring strategic opportunities, including forming joint ventures, and will keep the market informed of any new transactions, highlighting its commitment to transparency and strategic growth.
The most recent analyst rating on (AU:SCG) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Scentre Group stock, see the AU:SCG Stock Forecast page.
More about Scentre Group
Scentre Group is a prominent player in the retail property industry, primarily focusing on owning and operating Westfield shopping centers across Australia and New Zealand. The company is dedicated to providing premier retail destinations and is actively engaged in strategic capital management to enhance its market position.
Average Trading Volume: 8,845,598
Technical Sentiment Signal: Buy
Current Market Cap: A$21.73B
For detailed information about SCG stock, go to TipRanks’ Stock Analysis page.