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An announcement from Challenger ( (AU:CGF) ) is now available.
Challenger Limited announced that S&P Global Ratings has upgraded the credit ratings for both Challenger Life Company Limited and Challenger Limited, reflecting the company’s market leadership in the Australian annuities market and strong retirement savings trends. The upgrade highlights Challenger’s competitive advantage in risk management and capital adequacy, which supports its ability to navigate market and credit stress.
The most recent analyst rating on (AU:CGF) stock is a Hold with a A$8.50 price target. To see the full list of analyst forecasts on Challenger stock, see the AU:CGF Stock Forecast page.
More about Challenger
Challenger Limited is an investment management firm focused on providing financial security for retirement. It operates a fiduciary Funds Management division and an APRA-regulated Life division, with Challenger Life Company Limited being Australia’s largest provider of annuities.
Average Trading Volume: 1,701,349
Technical Sentiment Signal: Buy
Current Market Cap: A$5.95B
For an in-depth examination of CGF stock, go to TipRanks’ Overview page.