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The latest announcement is out from Coventry Group Limited ( (AU:CYG) ).
Coventry Group Limited reported a 4.5% increase in Q1 FY26 sales to $99.3 million, despite market softness in Victoria, Tasmania, and New Zealand. The company is executing a $10 million annualized cost-out program and has raised approximately $11.5 million through a Non-Renounceable Entitlement Offer. The new executive team is implementing a ‘back to basics’ strategy, with expectations of quarter-on-quarter earnings improvement and a forecast of over $20 million EBITDA for FY26.
The most recent analyst rating on (AU:CYG) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Coventry Group Limited stock, see the AU:CYG Stock Forecast page.
More about Coventry Group Limited
Coventry Group Limited operates in the trade distribution and fluid systems sectors, focusing on sales growth, cost reduction, cash generation, and debt reduction. The company benefits from strong gross margins and operates in markets without significant structural challenges.
Average Trading Volume: 48,983
Technical Sentiment Signal: Sell
Current Market Cap: A$84.13M
See more data about CYG stock on TipRanks’ Stock Analysis page.