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COG Financial Services Limited ( (AU:COG) ) has shared an update.
COG Financial Services Limited has acquired an additional 14.1% stake in Fleet Network Pty Ltd, increasing its ownership to approximately 92.4%. This acquisition, funded by a $20 million capital raise, is expected to enhance COG’s earnings and strengthen its balance sheet, allowing it to pursue further growth opportunities in the market.
The most recent analyst rating on (AU:COG) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on COG Financial Services Limited stock, see the AU:COG Stock Forecast page.
More about COG Financial Services Limited
COG Financial Services Limited operates in the financial services industry, focusing on salary packaging and novated leasing through its Paywise platform. The company is committed to expanding its market share by acquiring strategic businesses that complement its existing operations.
Average Trading Volume: 220,446
Technical Sentiment Signal: Buy
Current Market Cap: A$419.9M
For detailed information about COG stock, go to TipRanks’ Stock Analysis page.