PeopleIN Bull Heartened by More Stable 2H Backdrop -- Market Talk

Dow Jones

06/22

2231 GMT - PeopleIN's bull at Ord Minnett says industry conditions point to a more stable 2H backdrop for the business, following the sale of the company's health brands. Ord Minnett forecasts 18% Ebitda growth in 2H. "With the business mix skewing to food and infrastructure sectors facing critical staff shortages, we see upside risk to organic growth over the coming 2 years," analyst Ian Munro says. Ord Minnett retains a buy call on PeopleIN, underpinned by what it considers to be attractive earnings multiples and an improving balance sheet. Its price target rises to A$1.03, from A$1.02. PeopleIN ended last week at A$0.71. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

June 21, 2026 18:31 ET (22:31 GMT)

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Ord Minnett forecasts 18% Ebitda growth in 2H. \"With the business mix skewing to food and infrastructure sectors facing critical staff shortages, we see upside risk to organic growth over the coming 2 years,\" analyst Ian Munro says. Ord Minnett retains a buy call on PeopleIN, underpinned by what it considers to be attractive earnings multiples and an improving balance sheet. Its price target rises to A$1.03, from A$1.02. PeopleIN ended last week at A$0.71. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 21, 2026 18:31 ET (22:31 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}