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The latest update is out from Credit Corp Group Limited ( (AU:CCP) ).
Credit Corp Group Limited has made a non-binding indicative proposal to acquire Humm Group Limited, seeking to purchase 100% of the company. While the proposal is conditional and subject to due diligence, which has not yet been completed, the potential acquisition could significantly impact Credit Corp’s market positioning by expanding its portfolio and influence within the financial services sector.
The most recent analyst rating on (AU:CCP) stock is a Hold with a A$13.50 price target. To see the full list of analyst forecasts on Credit Corp Group Limited stock, see the AU:CCP Stock Forecast page.
More about Credit Corp Group Limited
Credit Corp Group Limited operates in the financial services industry, focusing on debt purchase and collection services. The company is known for acquiring and managing portfolios of defaulted consumer loans, primarily in Australia and New Zealand, with a market focus on providing sustainable financial solutions.
Average Trading Volume: 250,313
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$946.1M
For an in-depth examination of CCP stock, go to TipRanks’ Overview page.