BUZZ-Australian Finance Group gains most in nearly 8 weeks, Macquarie hikes TP

Reuters

2025/01/29

BUZZ-Australian Finance Group gains most in nearly 8 weeks, <a href="https://laohu8.com/S/MQG.AU">Macquarie</a> hikes TP

** Shares of Australian Finance Group AFG.AX rise 3.7% to A$1.5975, their highest since Dec. 9

** Stock on track for best day since Dec. 5, if current gains hold

** Macquarie hikes target price on mortgage broker to A$1.64 from A$1.61, maintains "neutral" rating

** Brokerage attributes adjustment to reflect strength in settlement of loan application submissions

** Two analysts including Macquarie rate the stock "hold"; their median PT is A$1.65 – LSEG data

** Australian Finance Group fell 3.2% in 2024

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com;))

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