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Corporate Travel Management Limited ( (AU:CTD) ) just unveiled an announcement.
Corporate Travel Management Limited announced a delay in finalizing its FY25 financial statements due to unresolved potential adjustments related to revenue and cost recognition in its European operations. This delay has resulted in a continued suspension from trading on the ASX. Despite this, the company reports a strong cash position with $124 million on the balance sheet and no debt, and a positive start to FY26 with strong customer wins and cash flow generation.
The most recent analyst rating on (AU:CTD) stock is a Hold with a A$16.70 price target. To see the full list of analyst forecasts on Corporate Travel Management Limited stock, see the AU:CTD Stock Forecast page.
More about Corporate Travel Management Limited
Corporate Travel Management Limited operates in the travel management industry, providing corporate travel services across Australia, New Zealand, North America, Asia, and Europe. The company focuses on delivering tailored travel solutions to businesses, enhancing travel efficiency and cost-effectiveness.
Average Trading Volume: 483,519
Technical Sentiment Signal: Buy
Current Market Cap: A$2.35B
See more insights into CTD stock on TipRanks’ Stock Analysis page.