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An announcement from Jumbo Interactive Limited ( (AU:JIN) ) is now available.
Jumbo Interactive Limited has acquired Dream Car Giveaways, a leading UK prize draw operator, to expand its presence in the rapidly growing UK market. This strategic acquisition aligns with Jumbo’s goal to accelerate growth and diversify revenue, leveraging its technology and marketing capabilities to support DCG’s growth. The acquisition is expected to enhance Jumbo’s earnings and market position, with DCG’s management team continuing to lead the business.
The most recent analyst rating on (AU:JIN) stock is a Buy with a A$12.00 price target. To see the full list of analyst forecasts on Jumbo Interactive Limited stock, see the AU:JIN Stock Forecast page.
More about Jumbo Interactive Limited
Jumbo Interactive Limited is a company operating in the digital lotteries and managed services industry. It provides software, marketing, and customer management expertise, primarily focusing on the B2C market. The company has a strong presence in Australia and is expanding its operations internationally.
Average Trading Volume: 255,553
Technical Sentiment Signal: Sell
Current Market Cap: A$631.6M
For detailed information about JIN stock, go to TipRanks’ Stock Analysis page.