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The latest announcement is out from Sims ( (AU:SGM) ).
Sims Limited has announced a change in the interests of a substantial holder, Allan Gray Australia Pty Ltd, which acts as an investment manager for various funds. The voting power of Allan Gray Australia has decreased from 16.49% to 15.28%, indicating a reduction in their stake in Sims Limited. This change may affect the company’s shareholder dynamics and could have implications for its governance and strategic decisions.
The most recent analyst rating on (AU:SGM) stock is a Sell with a A$10.70 price target. To see the full list of analyst forecasts on Sims stock, see the AU:SGM Stock Forecast page.
More about Sims
Average Trading Volume: 415,642
Technical Sentiment Signal: Buy
Current Market Cap: A$3.01B
For an in-depth examination of SGM stock, go to TipRanks’ Stock Analysis page.