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An update from Peet Limited ( (AU:PPC) ) is now available.
Peet Limited has reported a robust financial performance for FY25, with a 60% increase in net operating profit and an 82% rise in dividends compared to FY24. The company attributes its success to favorable market conditions and a disciplined strategic approach, positioning itself for continued growth in FY26. Peet is undertaking a strategic review, led by Goldman Sachs, to capitalize on strong market fundamentals and ensure sustainable growth, particularly as the Australian residential property market shows positive momentum.
The most recent analyst rating on (AU:PPC) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Peet Limited stock, see the AU:PPC Stock Forecast page.
More about Peet Limited
Peet Limited operates in the property development industry, focusing on residential land development across Australia. The company is known for its strategic approach to property development, leveraging its asset base to capture demand in key markets.
Average Trading Volume: 116,720
Technical Sentiment Signal: Buy
Current Market Cap: A$760.8M
See more insights into PPC stock on TipRanks’ Stock Analysis page.