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An update from Peoplein Limited ( (AU:PPE) ) is now available.
In a challenging year for the staffing industry, PeopleIN Limited managed to outperform its peers by strengthening its balance sheet through strong cash collections and debt reduction, despite a decline in revenue and EBITDA. The company announced a $6 million share buy-back to enhance shareholder value and is well-positioned to capitalize on future growth opportunities in Queensland’s infrastructure cycle and the Defence sector. PeopleIN also entered into an agreement to sell its stake in Techforce Personnel Pty Ltd, reflecting its active capital management strategy.
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 Limited operates in the staffing industry, providing workforce solutions across various sectors. The company is the largest staffing firm in Queensland, generating 42% of its revenue from the state, and is a major sponsor of the Pacific Australia Labour Mobility scheme, supporting workforce supply in sectors like aged care, hospitality, and construction.
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.