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Evolve Education Group Ltd ( (AU:EVO) ) has provided an announcement.
Embark Early Education Limited, operating under the ticker EVO, is involved in the education sector, focusing on early childhood education services. The company has announced a capital raising initiative through the issuance of new shares to professional, sophisticated, and institutional investors. Additionally, Embark is launching an off-market takeover bid for Mayfield Childcare Limited. This strategic move is expected to potentially impact Embark’s operations and market positioning, although the financial and operational implications are subject to various risks and uncertainties.
The most recent analyst rating on (AU:EVO) stock is a Buy with a A$1.09 price target. To see the full list of analyst forecasts on Evolve Education Group Ltd stock, see the AU:EVO Stock Forecast page.
More about Evolve Education Group Ltd
Average Trading Volume: 413,318
Technical Sentiment Signal: Sell
Current Market Cap: A$116.5M
Learn more about EVO stock on TipRanks’ Stock Analysis page.