The price target for Red 5 (ASX:RED) has been revised to 0.31 per share, an increase of 15.38% from the previous estimate [6ec0a158]. This new target represents a 15.47% increase from the latest reported closing price of 0.26 per share. The revision in the price target suggests a positive outlook for Red 5, indicating that analysts expect the stock to perform well in the future.
In addition, the price target for Obayashi (TYO:1802) has been increased to 1,323.73 per share, a rise of 15.87% from the prior estimate [738dcd4d]. The average price target represents a 3.66% increase from the latest reported closing price. This revision in the price target indicates a positive sentiment towards Obayashi, suggesting that analysts anticipate the stock to perform well.
Along with the price target increases, there have been changes in the ownership structure of both companies. Institutional ownership of Red 5 has increased by 6.53% in the last three months, with the largest holder now owning 6.60% of the company [6ec0a158]. On the other hand, the total shares owned by institutions for Obayashi have decreased by 2.08% in the last three months [738dcd4d]. These changes in ownership may have implications for the governance and decision-making processes of the companies.
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The revised price targets and the changes in institutional ownership are significant developments for Red 5 (ASX:RED) and Obayashi (TYO:1802). Investors and market participants should closely monitor these changes as they could impact the companies' stock performance and future prospects.
