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MaxiPARTS Limited ( (AU:MXI) ) has issued an announcement.
MaxiPARTS Limited has announced several strategic developments, including an extension of its debt facility with the Commonwealth Bank of Australia to support its growth initiatives. The company has also extended its exclusive distribution agreement for FÖRCH products in Australia and plans to acquire the remaining 20% of Förch Australia Pty Ltd. Additionally, MaxiPARTS is expanding its presence in Western Australia with a new retail site in Kalgoorlie, enhancing service to the Goldfields region. These moves are expected to bolster MaxiPARTS’ market position and drive growth in the coming years.
The most recent analyst rating on (AU:MXI) stock is a Buy with a A$2.60 price target. To see the full list of analyst forecasts on MaxiPARTS Limited stock, see the AU:MXI Stock Forecast page.
More about MaxiPARTS Limited
MaxiPARTS Limited (ASX:MXI) is one of the largest suppliers of truck and trailer parts to the road transport industry in Australia. Förch Australia, a part of MaxiPARTS, distributes workshop consumable parts, primarily in the automotive and commercial vehicle markets, and is the exclusive Australian distributor of FÖRCH products.
Average Trading Volume: 26,965
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$128.6M
See more data about MXI stock on TipRanks’ Stock Analysis page.