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Smartgroup Corporation Ltd ( (AU:SIQ) ) has provided an announcement.
Smartgroup Corporation Ltd has announced a new buy-back of its ordinary fully paid shares under an employee share scheme. This move is likely aimed at enhancing shareholder value and optimizing the company’s capital structure, potentially strengthening its market position and benefiting stakeholders.
The most recent analyst rating on (AU:SIQ) stock is a Hold with a A$9.50 price target. To see the full list of analyst forecasts on Smartgroup Corporation Ltd stock, see the AU:SIQ Stock Forecast page.
More about Smartgroup Corporation Ltd
Smartgroup Corporation Ltd operates in the financial services industry, focusing on providing salary packaging, fleet management, and other employee management services. The company primarily serves corporate clients and government sectors, offering solutions designed to optimize employee benefits and streamline administrative processes.
YTD Price Performance: 2.89%
Average Trading Volume: 434,278
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.04B
Learn more about SIQ stock on TipRanks’ Stock Analysis page.