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Motorcycle Holdings Ltd. ( (AU:MTO) ) just unveiled an update.
MotorCycle Holdings Limited has announced the acquisition of select assets from Peter Stevens Motorcycles and Harley Heaven, two established motorcycle retail groups in administration. This strategic move allows MTO to expand its presence into key markets like Perth and Adelaide, enhancing its market leadership and digital capabilities. The acquisition, valued between $7 million to $9 million, is expected to be earnings accretive and will be funded through cash reserves and bailment facilities. By integrating these assets, MTO aims to consolidate market leadership, capitalize on synergies, and preserve the legacy of the acquired brands, ultimately representing approximately 20% of national sales.
The most recent analyst rating on (AU:MTO) stock is a Buy with a A$2.37 price target. To see the full list of analyst forecasts on Motorcycle Holdings Ltd. stock, see the AU:MTO Stock Forecast page.
More about Motorcycle Holdings Ltd.
MotorCycle Holdings Limited is a prominent player in the motorcycle retail industry in Australia. The company focuses on acquiring and operating motorcycle dealerships, enhancing its market presence and digital retail capabilities.
Average Trading Volume: 48,089
Technical Sentiment Signal: Buy
Current Market Cap: A$173.4M
Find detailed analytics on MTO stock on TipRanks’ Stock Analysis page.