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An announcement from Star Entertainment Group Limited ( (AU:SGR) ) is now available.
The Star Entertainment Group Limited announced that the performance rights granted to executives and senior managers for the financial year ending June 30, 2022, have lapsed. This is due to the failure to meet the performance hurdles set in the company’s Long Term Incentive Plan, which included earnings per share, relative total shareholder return, and return on invested capital. The lapse of these performance rights may impact executive compensation and could reflect challenges in meeting financial targets, potentially affecting stakeholder confidence.
The most recent analyst rating on (AU:SGR) stock is a Sell with a A$0.09 price target. To see the full list of analyst forecasts on Star Entertainment Group Limited stock, see the AU:SGR Stock Forecast page.
More about Star Entertainment Group Limited
The Star Entertainment Group Limited operates in the entertainment and hospitality industry, providing casino, hotel, and resort services. The company focuses on delivering premium entertainment experiences and is a key player in the Australian market.
Average Trading Volume: 8,587,666
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$246.5M
See more insights into SGR stock on TipRanks’ Stock Analysis page.