Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Food Revolution Group Ltd. ( (AU:SPG) ) has issued an update.
SPC Global Holdings Ltd is transitioning its senior financing facilities to the Commonwealth Bank of Australia, securing new debt facilities totaling $134 million, which, along with a previously raised $20 million note, aligns with their financial guidance. This move is expected to save the company approximately $3 million annually in interest, positioning it well to support growth initiatives and corporate needs. The partnership with CommBank, Australia’s largest bank, is seen as a validation of SPC Global’s strategic direction and is expected to bolster its growth both domestically and internationally, reinforcing its role in supporting regional jobs, innovation, and food security.
The most recent analyst rating on (AU:SPG) stock is a Buy with a A$0.90 price target. To see the full list of analyst forecasts on Food Revolution Group Ltd. stock, see the AU:SPG Stock Forecast page.
More about Food Revolution Group Ltd.
SPC Global is a conglomerate consisting of SPC, The Original Beverage Co, Nature One, and Natural Ingredients, which were unified under SPC Global in December 2024 and listed on the ASX. The company focuses on providing nourishment and wellness products globally, with a portfolio that includes packaged fruit, tomatoes, baked beans, spaghetti, ready-made meals, beverages, juice, wellness shots, powdered milk products, and supplies for the food service industry. With a strong agricultural heritage, SPC Global operates in Australia and Asia and employs around 800 people, aiming for both domestic and international growth.
Average Trading Volume: 71,590
Technical Sentiment Signal: Sell
Current Market Cap: A$79.12M
Learn more about SPG stock on TipRanks’ Stock Analysis page.