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Peoplein Limited ( (AU:PPE) ) has provided an announcement.
Peoplein Limited has announced the sale of its Health and Community brands, FCC and Edmen, to Healthcare Australia (HCA). This strategic divestment, conducted at a strong multiple of 6.2x, enables the company to strengthen its focus on growth sectors, including infrastructure construction in Queensland, defense, food services, agriculture, and professional services, while ensuring the future growth and opportunities for its workforce.
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 operates in various industries, focusing on providing workforce solutions and professional services across sectors such as healthcare, infrastructure construction, defense, food services, agriculture, and others.
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.