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The latest announcement is out from Coventry Group Limited ( (AU:CYG) ).
Coventry Group Limited has opened a two-for-seven pro-rata non-renounceable entitlement offer for new fully paid ordinary shares at $0.60 per share, representing a 15% discount to its recent closing price. This offer is available to eligible shareholders in Australia and New Zealand, aiming to strengthen the company’s financial position and potentially enhance shareholder value.
The most recent analyst rating on (AU:CYG) stock is a Buy with a A$1.02 price target. To see the full list of analyst forecasts on Coventry Group Limited stock, see the AU:CYG Stock Forecast page.
More about Coventry Group Limited
Coventry Group Limited operates in the industrial sector, providing a range of products and services, primarily focusing on the distribution of industrial and hardware supplies across Australia and New Zealand.
Average Trading Volume: 33,974
Technical Sentiment Signal: Sell
Current Market Cap: A$93.56M
Find detailed analytics on CYG stock on TipRanks’ Stock Analysis page.