Australia's COG Financial Services rises; Bell Potter hikes PT

COG Financial Services

17/04/2025 03:14

** Equipment leasing firm COG Financial Services COG.AX rises 1.3% to A$1.165

** Bell Potter says firm's quarterly NPATA rose 9% y/y, driven by earnings growth in novated leasing

** Adds two tender panel awards positive sign for co

** Expects earnings quality to improve, leading to higher returns on invested capital and access to significant cash reserves for future growth

** Raises PT to A$1.35 from A$1.23; maintains "buy"

** YTD, COG gains 19.4%

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))