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SRG Global Limited ( (AU:SRG) ) has issued an update.
SRG Global director Kerry Wilson has increased his indirect shareholding in the company through an on-market purchase, according to a notice lodged with the ASX. Wilson and his spouse jointly acquired 30,000 fully paid ordinary shares at $2.43 per share, lifting their jointly held stake from nil to 30,000 shares while his other indirect holdings remained unchanged.
The transaction, valued at approximately $72,900, reflects additional personal capital committed by a board member and may be interpreted by the market as a sign of confidence in SRG Global’s prospects. The company confirmed the trade did not occur during a closed period, indicating no need for prior written clearance under its trading policy.
The most recent analyst rating on (AU:SRG) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on SRG Global Limited stock, see the AU:SRG Stock Forecast page.
More about SRG Global Limited
SRG Global Limited is an Australian-listed company, with its shares traded on the ASX. The company operates within the broader industrial and construction-related services sector, where director and executive shareholdings are closely monitored by investors for signals about governance and insider confidence.
Average Trading Volume: 2,557,721
Technical Sentiment Signal: Buy
Current Market Cap: A$1.57B
Find detailed analytics on SRG stock on TipRanks’ Stock Analysis page.