COG Showing Clear Intent in Novated Leasing -- Market Talk
Dow Jones
Oct 20, 2025
0154 GMT - COG Financial is showing clear intent to aggressively increase its share of the novated-lease market, Morgans analyst Richard Coles says. He points out that financial-services firm's acquisition of an additional 14% stake in Fleet Network comes just a month after it completed the purchase of another salary packaging and novated-leasing business. This is clearly a growth area for the ASX-listed company, he writes in a note. There is scope for COG to further expand stakes in other partially owned businesses, he adds. Morgans lifts its target price 23% to A$2.63 and keeps an accumulate rating on the stock, which is up 3.0% at A$2.37. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
October 19, 2025 21:54 ET (01:54 GMT)
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