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Peet Limited (ASX:PPC)‘s stock had its “positive” rating reiterated by investment analysts at Deutsche Bank in a note issued to investors on Wednesday.

Peet Limited (ASX:PPC) traded up 0.36% on Wednesday, hitting A$1.375. 343,271 shares of the company’s stock traded hands. Peet Limited has a 52-week low of A$1.010 and a 52-week high of A$1.550. The stock has a 50-day moving average of A$1.33 and a 200-day moving average of A$1.3. The company has a market cap of A$595.9 million and a price-to-earnings ratio of 44.19.

Peet Limited is engaged in land development, funds management and land syndication. The Company operates through three segments: Funds management/land syndication, engaged in capital raisings to fund the acquisition of land across Australia.

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