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Tasmea Ltd. ( (AU:TEA) ) just unveiled an update.
Tasmea Limited, a founder-led company, has addressed media speculation regarding potential block trades in its shares, emphasizing that its executive directors, who collectively hold 60.8% of the company, have no current plans to sell their equity. The company is focused on achieving ASX 300 index inclusion by 2026 through organic growth and programmatic acquisition, supported by a strong balance sheet. Tasmea remains committed to its EBIT growth aspirations and long-term shareholder value, ensuring continuous market updates as per ASX listing rules.
The most recent analyst rating on (AU:TEA) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on Tasmea Ltd. stock, see the AU:TEA Stock Forecast page.
More about Tasmea Ltd.
Tasmea Limited operates 25 inter-dependent specialist trade skill services businesses in Australia, focusing on essential shutdown, programmed maintenance, emergency breakdown, and brownfield upgrade services for fixed plant. The company serves a blue-chip customer base across six growing industry sectors: mining and resources, oil and gas, defence, infrastructure and facilities, power and renewable energy, telecommunications, retail, waste, and water.
Average Trading Volume: 373,033
Technical Sentiment Signal: Buy
Current Market Cap: A$990.3M
See more insights into TEA stock on TipRanks’ Stock Analysis page.