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An update from Smartgroup Corporation Ltd ( (AU:SIQ) ) is now available.
Smartgroup Corporation Ltd has announced the final notification of its employee share scheme buy-back, purchasing a total of 146,598 ordinary fully paid securities for approximately AUD 1.2 million. This buy-back is part of the company’s strategy to manage its capital structure and could potentially impact its share value and stakeholder interests.
The most recent analyst rating on (AU:SIQ) stock is a Hold with a A$9.50 price target. To see the full list of analyst forecasts on Smartgroup Corporation Ltd stock, see the AU:SIQ Stock Forecast page.
More about Smartgroup Corporation Ltd
Smartgroup Corporation Ltd operates in the financial services industry, focusing on providing salary packaging and novated leasing services. The company is known for its employee benefits solutions and has a significant market presence in Australia.
Average Trading Volume: 357,351
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.1B
For a thorough assessment of SIQ stock, go to TipRanks’ Stock Analysis page.