J.P. Morgan analyst Russell Gill maintained a Hold rating on Austal Limited (AUTLF – Research Report) on March 17 and set a price target of A$4.20. The company’s shares closed yesterday at $2.79.

Citi analyst Sam Teeger maintained a Hold rating on Austal Limited (AUTLF – Research Report) today and set a price target of A$4.09. The company’s shares closed yesterday at $2.65. Easily ...

Save articles for future reference. Any move beyond that level would require Hanwha to make a full takeover bid for Austal, which would cost about $1.8 billion at its latest offer price. The success ...

Mr Spencer, the former US Navy secretary, said the Austal board had not revised its position since last year, when Hanwha made a $1bn takeover approach and was refused access to its books.

MOBILE, Ala. (WALA) - Austal USA on Saturday will christen the future USNS Billy Frank Jr., the Navy’s sixth Towing, Salvage and Rescue Ship (T-ATS 11), at the company’s ship manufacturing ...

On the one hand aspirations to gain 19.9 per cent – the limit a group can obtain before it must launch a bid – suggests that Hanwha could want more than just the benefits of Austal’s ...

Shipyard worker at the Austal USA yard in Mobile, Ala., looking on Independence-class Littoral Combat Ship Augusta (LCS-34). USNI News Photo A South Korean shipbuilder this week purchased a stake ...

Hanwha Group has initiated the acquisition of Austal in Australia, which securities firms have evaluated as a move to utilize the U.S. shipyard owned by Austal. According to the Financial ...

The Austal board was not approached by Hanwha in advance of a sharemarket raid on Monday that netted it 9.9 per cent of the stock. Seoul-headquartered Hanwha said on Tuesday that it would seek ...

Chairman Richard Spencer has ruled out caving in to Hanwha’s demands for a seat on the Austal board and described his number one shareholder Andrew Forrest ‘as an Australian patriot’.

South Korean conglomerate Hanwha Group is positioning itself to become the largest shareholder of Austal, one of four key companies directly supplying vessels to the US Navy, in a strategic move ...

The Price to Earnings (P/E) ratio, a key valuation measure, is calculated by dividing the stock's most recent closing price by the sum of the diluted earnings per share from continuing operations ...