Australia's Credit Corp rises as brokerages lift PT on strong FY26 outlook

Credit

06/08/2025 04:28

Updates

** Shares of Credit Corp CCP.AX rise as much as 1.9% to A$18.065

** Analysts at Jefferies upgrade stock's PT to A$19.65 from A$18.80 with "buy" rating, citing co can support higher P/E multiple on a more defined US growth path

** Morningstar raises fair value estimate by 8% to A$17.30, reflecting higher projected operating margins

** Jefferies says co's FY25 results pave way for robust FY26 forecast, with NPAT guidance of A$100 mln ($64.71 mln) to A$110 mln
** Morningstar says co's FY26 outlook considerably surpasses the investment research firm's expectations

** CCP stock up 11.6% YTD, including day's moves

($1 = 1.5454 Australian dollars)

 (Reporting by Keshav Singh Chundawat & Rajasik Mukherjee in Bengaluru)

 ((Keshav.SinghChundawat@thomsonreuters.com))