|Bid||19.49 x 8900|
|Ask||19.42 x 58300|
|Day's Range||19.29 - 19.96|
|52 Week Range||11.87 - 28.72|
|Beta (5Y Monthly)||0.75|
|PE Ratio (TTM)||10.00|
|Earnings Date||May 10, 2021 - May 14, 2021|
|Forward Dividend & Yield||0.60 (3.00%)|
|Ex-Dividend Date||Jun 11, 2021|
|1y Target Est||47.68|
The rating affirmation follows the completion of CIMIC's sale of a 50% equity interest in Thiess, the world's largest mining services provider, on 31 December 2020. "The ratings affirmation reflects Moody's view that the transaction is overall credit neutral for CIMIC," says Saranga Ranasinghe, a Moody's Vice President and Senior Analyst.
The exclusive talks with Elliot, backed by billionaire Paul Singer, is expected to conclude in the "coming weeks", the Sydney-based firm said in a statement. Thiess is the world's largest mining services company and CIMIC says the sale of half of it will support the Australian contractor's balance sheet.
The big shareholder groups in CIMIC Group Limited (ASX:CIM) have power over the company. Insiders often own a large...