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The latest update is out from Generation Development Group Limited ( (AU:GDG) ).
Generation Development Group Limited has issued 1,938,818 fully paid ordinary shares to former shareholders of Lonsec Holdings Pty Ltd as part of a previously announced acquisition agreement. The issuance follows the achievement of a specified EBITDA performance target by Lonsec, triggering the distribution of 2,000,000 additional shares to vendors, with a portion subject to shareholder approval at the upcoming annual general meeting.
The most recent analyst rating on (AU:GDG) stock is a Buy with a A$8.20 price target. To see the full list of analyst forecasts on Generation Development Group Limited stock, see the AU:GDG Stock Forecast page.
More about Generation Development Group Limited
Generation Development Group Limited operates in the financial services industry, focusing on investment and wealth management solutions. The company is known for its strategic acquisitions and market expansion efforts.
Average Trading Volume: 1,647,210
Technical Sentiment Signal: Buy
Current Market Cap: A$2.84B
For a thorough assessment of GDG stock, go to TipRanks’ Stock Analysis page.