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Monadelphous Group Limited ( (AU:MND) ) has shared an announcement.
Monadelphous Group Limited announced the award of new contracts valued at approximately $180 million in the resources, energy, and infrastructure sectors. These contracts include a 5-year agreement for marine structural integrity works at Rio Tinto’s Cape Lambert Hub, an upgrade project at Fortescue’s Thomas Marshalling Yard, and multidisciplinary services for Woodside Energy’s Scarborough Gas Field project. Additionally, Monadelphous’ civil business, Melchor, secured a construction contract with Mid West Ports for the Geraldton Port Maximisation Project. These contracts are expected to enhance Monadelphous’ market positioning and operational capabilities in key sectors.
The most recent analyst rating on (AU:MND) stock is a Buy with a A$15.93 price target. To see the full list of analyst forecasts on Monadelphous Group Limited stock, see the AU:MND Stock Forecast page.
More about Monadelphous Group Limited
Monadelphous Group Limited is a leading Australian engineering group with over 50 years of experience, providing construction, maintenance, and industrial services to the resources, energy, and infrastructure sectors. The company operates through two main divisions: Engineering Construction and Maintenance and Industrial Services. It is headquartered in Perth, Western Australia, with a significant presence in Brisbane and operations across Australia, China, Mongolia, Papua New Guinea, and the Philippines.
Average Trading Volume: 271,276
Technical Sentiment Signal: Buy
Current Market Cap: A$1.69B
See more insights into MND stock on TipRanks’ Stock Analysis page.