Credit Corp Group on track for worst week in over 2 years on profit miss

Credit

06/02/2026 03:32

** Shares of Australia's Credit Corp Group CCP.AX fall as much as 3.8% to A$11.14

** Stock fell 19.6% on a weekly basis, set for its worst week since mid-October 2023

** Jefferies and Morningstar cut the financial services company's price target and fair value estimate after first-half earnings missed estimates

** On Tuesday, CCP reported half-year NPAT of A$44.1 million ($30.61 million), missing Jefferies estimates of A$50 million

** Stock is down 19.1% YTD

($1 = 1.4409 Australian dollars)

(Reporting by Anjali Singh in Bengaluru)

((anjali.singh2@thomsonreuters.com;))