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An announcement from Nido Education Limited ( (AU:NDO) ) is now available.
Nido Education Limited has completed the acquisition of two child care services from its incubation pipeline for $6 million. These services, located in New South Wales and Western Australia, boast occupancy rates above 90% and are expected to contribute an estimated EBIT of $1.3 million in 2026. This acquisition aligns with Nido’s growth strategy, which focuses on achieving specific financial and occupancy metrics before exercising call options.
The most recent analyst rating on (AU:NDO) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Nido Education Limited stock, see the AU:NDO Stock Forecast page.
More about Nido Education Limited
Founded in 2021, Nido Education Limited is a national owner, operator, and manager of long day early childhood education and care services, operating under the Nido Early School brand.
Average Trading Volume: 105,710
Technical Sentiment Signal: Sell
Current Market Cap: A$135.1M
For a thorough assessment of NDO stock, go to TipRanks’ Stock Analysis page.