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Citigroup Keeps Their Buy Rating on Smartgroup Corporation Ltd (STGXF)

In a report released today, Jack Dunn CFA from Citigroup maintained a Buy rating on Smartgroup Corporation Ltd (STGXFResearch Report), with a price target of A$6.60. The company’s shares closed last Thursday at $5.20.

According to TipRanks, Dunn CFA is ranked #5421 out of 8269 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Smartgroup Corporation Ltd with a $4.35 average price target.

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STGXF market cap is currently $536.5M and has a P/E ratio of 11.40.

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Smartgroup Corporation Ltd is an Australia-based company engaged in providing specialist employee management services. Its services include salary packaging, novated leasing, fleet management, payroll administration, employee share plan administration and workforce optimization. The operating segments of the company are Outsourced administration (OA), Vehicle services (VS) and Software, distribution and group services. It derives maximum revenue from the OA segment which provides outsourced salary packaging services, novated leasing, share plan administration and outsourced payroll services. VS segment provides end-to-end fleet management services.

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