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The latest announcement is out from Peoplein Limited ( (AU:PPE) ).
PeopleIN Limited has announced the divestment of its health and aged care staffing business, First Choice Care, and Youth and Disability staffing business, Edmen, for $20.25 million to Healthcare Australia (HCA). This strategic move will eliminate the company’s net debt and reallocate capital toward growth-focused sectors such as Defence, Engineering, and Labour, while expanding into international staffing platforms. The transaction aims to enhance PeopleIN’s long-term value and shareholder returns, positioning it for sustainable growth and market leadership.
The most recent analyst rating on (AU:PPE) stock is a Buy with a A$1.30 price target. To see the full list of analyst forecasts on Peoplein Limited stock, see the AU:PPE Stock Forecast page.
More about Peoplein Limited
PeopleIN Limited is Australia’s largest locally-led workforce solutions provider, catering to over 4,000 businesses across a diverse range of high-demand and defensive employment sectors. These include Engineering, Trades and Labour, Food Services and Agriculture, Technology, Finance, Corporate Services, Education, and Defence, utilizing market-leading technology and local expertise.
Average Trading Volume: 171,455
Technical Sentiment Signal: Buy
Current Market Cap: A$91.24M
For a thorough assessment of PPE stock, go to TipRanks’ Stock Analysis page.