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Peoplein Limited ( (AU:PPE) ) has shared an announcement.
PeopleIN Limited has announced the divestment of its 79.3% stake in Techforce Personnel Pty Ltd for $23.5 million, achieving a return of over 100% on its investment over four years. This strategic move is expected to strengthen PeopleIN’s financial position, reducing net debt and enabling the company to pursue further acquisitions, thereby accelerating its growth strategy to become the largest workforce solutions provider in Australia.
The most recent analyst rating on (AU:PPE) stock is a Buy with a A$1.45 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 is the largest Australian-led workforce solutions company, providing services to over 4,200 businesses across Australia and New Zealand. The company leverages local expertise and market-leading technology to support client success in various high-demand sectors, including Health & Aged Care, Community, Education, Engineering, Trades and Labour, Agriculture and Food Processing, Technology, Finance, and Defence.
Average Trading Volume: 143,880
Technical Sentiment Signal: Buy
Current Market Cap: A$92.19M
Learn more about PPE stock on TipRanks’ Stock Analysis page.