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The latest announcement is out from Credit Corp Group Limited ( (AU:CCP) ).
Credit Corp Group Limited’s AGM Update highlights its strategic focus on leveraging large market opportunities in US debt buying and Australian/New Zealand lending. The company aims for long-term growth with a target return on equity of 16% to 18% and low gearing. Its operational strategies include diversified purchasing, efficient collection processes, and strong technology use, which position it well in the market. The update indicates a robust ongoing repayment arrangement of $1.2 billion, reflecting its strong market performance and stakeholder confidence.
The most recent analyst rating on (AU:CCP) stock is a Hold with a A$15.50 price target. To see the full list of analyst forecasts on Credit Corp Group Limited stock, see the AU:CCP Stock Forecast page.
More about Credit Corp Group Limited
Credit Corp Group Limited operates in the financial services industry, focusing on credit-impaired consumer segments. The company engages in debt buying and lending, with operations in the US, Australia, and New Zealand. It emphasizes operational excellence, regulatory compliance, and utilizes advanced analytics and technology to enhance efficiency and market positioning.
YTD Price Performance: -1.92%
Average Trading Volume: 325,247
Technical Sentiment Signal: Buy
Current Market Cap: A$1.02B
For a thorough assessment of CCP stock, go to TipRanks’ Stock Analysis page.