Report
EUR 13.82 For Business Accounts Only

Increased risk weighs on SMARTGROUP CORPORATION, penalising its rating down to Neutral

The independent financial analyst theScreener just lowered the general evaluation of SMARTGROUP CORPORATION (AU), active in the Business Support Services industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as moderately risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Neutral. As of the analysis date November 26, 2021, the closing price was AUD 7.46 and its target price was estimated at AUD 6.72.
Underlying
Smartgroup

SmartGroup Corporation is engaged in salary packaging and vehicle services business. Co.'s salary packaging business comprises salary packaging administration services as well as associated novated leaseing services and vehicle services business comprises outsourced fleet management and associated products. Co.'s brands include Smartsalary, SeQoya, PBI Solutions, Smartleasing, Smartfleet and Tailored Automotive Insurance (TAINS).

Provider
TheScreener
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