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Enero Group Limited ( (AU:EGG) ) has issued an announcement.
Enero Group Limited has secured a new $15 million revolving bank facility with National Australia Bank, replacing a previous $50 million facility. This adjustment reflects the company’s reduced capital needs and is intended to support short-term working capital and general corporate requirements, aligning with market standards for such facilities.
The most recent analyst rating on (AU:EGG) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on Enero Group Limited stock, see the AU:EGG Stock Forecast page.
More about Enero Group Limited
Enero Group is a specialist portfolio of marketing, technology, and communications businesses listed on the ASX. It includes creative agency BMF, PR and integrated communications agencies the Hotwire Group, digital and experiential agency Orchard, and adtech platform OBMedia.
YTD Price Performance: -35.65%
Average Trading Volume: 115,540
Technical Sentiment Signal: Sell
Current Market Cap: A$63.06M
See more insights into EGG stock on TipRanks’ Stock Analysis page.