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Plenti Group Ltd. ( (AU:PLT) ) has provided an announcement.
Plenti Group Ltd. reported a record quarter with loan originations reaching $437 million, marking a 44% increase from the previous year. The company’s loan portfolio grew to $2.7 billion, driven by strong performance in automotive and renewable energy loans, and low credit losses. Plenti’s strategic partnerships and successful tender for the WA Residential Battery Scheme highlight its operational excellence and market positioning, setting a solid foundation for future growth.
The most recent analyst rating on (AU:PLT) stock is a Buy with a A$1.30 price target. To see the full list of analyst forecasts on Plenti Group Ltd. stock, see the AU:PLT Stock Forecast page.
More about Plenti Group Ltd.
Plenti Group Ltd. operates in the financial services industry, focusing on providing loan products. Its primary offerings include automotive loans, renewable energy loans, and personal loans. Plenti is known for its technological integration and partnerships with major entities like NAB and Tesla, aiming to enhance customer experience and expand its market presence.
Average Trading Volume: 169,517
Technical Sentiment Signal: Buy
Current Market Cap: A$159.9M
For a thorough assessment of PLT stock, go to TipRanks’ Stock Analysis page.