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The latest announcement is out from Nido Education Limited ( (AU:NDO) ).
Nido Education Limited has completed the acquisition of a childcare service from its incubation pipeline for $2.4 million. This acquisition is part of Nido’s strategy to expand its network through a de-risked incubation model, allowing the company to grow off-balance-sheet and maintain consistent service quality. With a strong pipeline of 16 trading services in incubation and numerous sites under construction or in final legal stages, Nido continues to explore new opportunities monthly, indicating robust growth potential and strategic positioning in the childcare industry.
The most recent analyst rating on (AU:NDO) stock is a Buy with a A$1.25 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
Nido Education Limited operates in the childcare industry, focusing on acquiring and managing high-performing, purpose-built childcare services. The company employs a de-risked incubation model to grow its network in a capital-efficient manner, ensuring consistent quality across its services.
Average Trading Volume: 132,902
Technical Sentiment Signal: Sell
Current Market Cap: A$152.5M
Learn more about NDO stock on TipRanks’ Stock Analysis page.
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