Australian Finance Group gains most in nearly 8 weeks, Macquarie hikes TP

Australian Finance

29/01/2025 04:48

** Shares of Australian Finance Group  AFG.AX  rise 3.7% to
A$1.5975, their highest since Dec. 9
    ** Stock on track for best day since Dec. 5, if current
gains hold
    ** Macquarie hikes target price on mortgage broker to A$1.64
from A$1.61, maintains "neutral" rating
    ** Brokerage attributes adjustment to reflect strength in
settlement of loan application submissions 
    ** Two analysts including Macquarie rate the stock "hold";
their median PT is A$1.65 – LSEG data
    ** Australian Finance Group fell 3.2% in 2024

 (Reporting by Nichiket Sunil in Bengaluru)
 ((Nichiket.Sunil@thomsonreuters.com;))