Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Autosports Group Ltd ( (AU:ASG) ) has issued an update.
Autosports Group Limited has successfully closed a new $350 million Syndicated Facility Agreement with major financiers, including Commonwealth Bank of Australia and Westpac Banking Corporation. This agreement replaces existing loans, reduces interest costs, and eliminates $25.2 million in principal repayments, thereby enhancing cash flow and supporting the company’s future growth initiatives.
The most recent analyst rating on (AU:ASG) stock is a Hold with a A$2.30 price target. To see the full list of analyst forecasts on Autosports Group Ltd stock, see the AU:ASG Stock Forecast page.
More about Autosports Group Ltd
Autosports Group Limited operates in the automotive industry, focusing on providing a range of automotive products and services. The company is involved in the sale and servicing of luxury and prestige vehicles, catering to a market that values high-end automotive experiences.
Average Trading Volume: 310,039
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$475.7M
See more data about ASG stock on TipRanks’ Stock Analysis page.