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The latest announcement is out from Symal Group Limited ( (AU:SYL) ).
Symal Group Limited has been awarded a $62.6 million contract by the Victorian Infrastructure Delivery Authority to upgrade the Ballan Road intersection in Wyndham Vale, Victoria. This project, which marks Symal’s fifth successful collaboration with VIDA, involves significant infrastructure improvements including new traffic lights, lanes, bus lanes, bike paths, and pedestrian crossings, aimed at enhancing safety and reducing congestion. The project will be executed under an incentivised target cost delivery model, with main works commencing in 2025 and completion expected in 2027.
The most recent analyst rating on (AU:SYL) stock is a Buy with a A$2.40 price target. To see the full list of analyst forecasts on Symal Group Limited stock, see the AU:SYL Stock Forecast page.
More about Symal Group Limited
Symal Group is a diversified services provider focused on resilient end markets, delivering contracting and specialised technical services across Australia’s most critical industries. The company offers end-to-end solutions spanning infrastructure, power and renewables, utilities, data centres, defence, building, and facilities. Founded in 2001, Symal is headquartered in Melbourne, Australia and is listed on the Australian Securities Exchange (ASX: SYL).
Average Trading Volume: 133,283
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$445.2M
See more data about SYL stock on TipRanks’ Stock Analysis page.