0112 GMT - Pexa's bulls at Macquarie reiterate their outperform rating on the stock following an end-of-year burst of property settlements in Australia's most populous state. Macquarie's analysts tell clients in a note that December settlement activity in New South Wales state was up 14% on year, compared with a 4.4% rise in November. They estimate that national activity in November, the last month for which they have sufficient data to make a calculation, was up 5.0%. Looking ahead, they anticipate further commitments from large U.K. lenders to Pexa's digital settlement platform. This should help drive rapid market-share gains, they add. Macquarie keeps a A$19.10 target price on the stock, which is up 0.4% at A$13.42. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
January 12, 2026 20:12 ET (01:12 GMT)
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