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Cuscal Limited ( (AU:CCL) ) has issued an announcement.
Cuscal Limited has completed its acquisition of Indue Limited, a strategic move aimed at enhancing diversification, resilience, and growth. The acquisition is expected to generate significant cost synergies and improve earnings per share by over 25% by 2029. The integration will involve non-recurring costs, but the long-term financial benefits are anticipated to be substantial. Additionally, Peter Wright has been appointed as an Independent Non-Executive Director on the Cuscal Board, bringing extensive experience in the payments and technology sectors. This acquisition and board appointment are poised to strengthen Cuscal’s market position and deliver enhanced outcomes for shareholders and clients.
The most recent analyst rating on (AU:CCL) stock is a Buy with a A$4.80 price target. To see the full list of analyst forecasts on Cuscal Limited stock, see the AU:CCL Stock Forecast page.
More about Cuscal Limited
Cuscal Limited is an authorised deposit-taking institution in Australia, providing comprehensive payment and regulated data services. It stands out for its unique combination of licenses, connectivity, and processing capabilities, comparable only to the four major Australian banks. Established in 1966 to serve mutual banking organizations, Cuscal has evolved into a leading player in the Australian payments industry through continuous innovation and investment.
Average Trading Volume: 406,838
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$764.3M
For a thorough assessment of CCL stock, go to TipRanks’ Stock Analysis page.