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The latest update is out from Austal ( (AU:ASB) ).
Austal Limited has announced a significant change in its shareholder structure, with State Street Corporation and its subsidiaries becoming substantial holders. This development indicates a strategic move by State Street to increase its influence and control over Austal’s voting shares, potentially impacting Austal’s future decisions and operations.
The most recent analyst rating on (AU:ASB) stock is a Hold with a A$4.07 price target. To see the full list of analyst forecasts on Austal stock, see the AU:ASB Stock Forecast page.
More about Austal
YTD Price Performance: 90.0%
Average Trading Volume: 1,767,088
Technical Sentiment Signal: Buy
Current Market Cap: A$2.47B
See more insights into ASB stock on TipRanks’ Stock Analysis page.