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Servcorp Director Increases Shareholding

Story Highlights
  • Servcorp operates in the serviced office industry, offering flexible workspace solutions.
  • Director Alfred Moufarrige acquired 30,000 shares, signaling confidence in Servcorp’s future.
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Servcorp Director Increases Shareholding

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Servcorp Limited ( (AU:SRV) ) has provided an update.

Servcorp Limited has announced a change in the director’s interest, with Alfred George Moufarrige acquiring an additional 30,000 ordinary shares indirectly through Sovori Pty Ltd. This off-market trade increases his indirect holdings to 52,081,142 shares, reflecting a significant investment in the company, which may indicate confidence in Servcorp’s future prospects and could potentially impact shareholder perceptions.

The most recent analyst rating on (AU:SRV) stock is a Buy with a A$7.20 price target. To see the full list of analyst forecasts on Servcorp Limited stock, see the AU:SRV Stock Forecast page.

More about Servcorp Limited

Servcorp Limited operates in the serviced office industry, providing flexible workspace solutions including virtual offices, coworking spaces, and meeting room facilities. The company focuses on offering premium office spaces with advanced IT infrastructure and professional support services to businesses globally.

Average Trading Volume: 79,826

Technical Sentiment Signal: Buy

Current Market Cap: A$708M

For an in-depth examination of SRV stock, go to TipRanks’ Overview page.

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