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Shape Australia Corporation Limited ( (AU:SHA) ) has issued an update.
SHAPE Australia has completed its acquisition of the business and assets of Arden Group, a national retail fitout and facilities maintenance specialist, following satisfaction of all conditions precedent. The deal strengthens SHAPE’s national footprint and aligns with its growth and diversification strategy by adding Arden’s multi-site retail capabilities and maintenance services, with management highlighting strong cultural alignment and the potential to expand market share and deliver greater value to clients across new sectors in Australia.
The most recent analyst rating on (AU:SHA) stock is a Buy with a A$7.10 price target. To see the full list of analyst forecasts on Shape Australia Corporation Limited stock, see the AU:SHA Stock Forecast page.
More about Shape Australia Corporation Limited
SHAPE Australia Corporation Limited (ASX: SHA) is a leading national fitout and construction services specialist headquartered in Sydney, operating across all Australian capital cities and key regional centres. The company delivers interior, new build, and modular construction projects in sectors including commercial, defence, education, health, hotels and hospitality, and retail, supported by a workforce of more than 700 professionals and a long-established presence in the industry.
Average Trading Volume: 102,715
Technical Sentiment Signal: Hold
Current Market Cap: A$497.6M
See more data about SHA stock on TipRanks’ Stock Analysis page.