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AUB Group ( (AU:AUB) ) just unveiled an update.
AUB Group has released an Acquisition and Equity Raising Presentation, signalling an upcoming transaction and associated capital raising activity aimed at supporting its growth strategy. While specific deal terms are not detailed in the announcement, the move underscores AUB’s continued expansion in the insurance broking and underwriting markets and indicates an effort to strengthen its financial position and market presence through acquisition-led growth.
The most recent analyst rating on (AU:AUB) stock is a Hold with a A$33.70 price target. To see the full list of analyst forecasts on AUB Group stock, see the AU:AUB Stock Forecast page.
More about AUB Group
AUB Group Limited (ASX: AUB) is an ASX200-listed insurance group comprising insurance brokers and underwriting agencies operating across approximately 579 locations. The company’s more than 6,000 employees service around 1.2 million clients and place over $11 billion in insurance premiums with both local and international insurers.
Average Trading Volume: 433,079
Technical Sentiment Signal: Buy
Current Market Cap: A$3.72B
Find detailed analytics on AUB stock on TipRanks’ Stock Analysis page.