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Monadelphous Group Limited ( (AU:MND) ) has issued an update.
Monadelphous Group Limited has announced a substantial holding update, indicating that State Street Corporation and its subsidiaries, including State Street Global Advisors, have acquired a significant voting power in the company. This development highlights a notable shift in the ownership structure, potentially impacting the company’s governance and strategic decisions, as State Street now holds a 5.13% voting power, positioning it as a key stakeholder.
The most recent analyst rating on (AU:MND) stock is a Buy with a A$15.93 price target. To see the full list of analyst forecasts on Monadelphous Group Limited stock, see the AU:MND Stock Forecast page.
More about Monadelphous Group Limited
Average Trading Volume: 255,398
Technical Sentiment Signal: Buy
Current Market Cap: A$1.72B
For an in-depth examination of MND stock, go to TipRanks’ Stock Analysis page.