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Stock analysts at CIMB initiated coverage on shares of Smartgroup Co. (ASX:SIQ) in a report issued on Monday. The firm set an “add” rating and a $1.75 price target on the stock.

Shares of Smartgroup Co. (ASX:SIQ) opened at 1.490 on Monday. Smartgroup Co. has a 1-year low of A$1.410 and a 1-year high of A$1.570. The stock’s 50-day moving average is A$1.45 and its 200-day moving average is A$1.46. The company has a market cap of A$151.2 million and a price-to-earnings ratio of 48.67.

Smartgroup Corporation Ltd, along with its subsidiaries, consists of a group of businesses offering salary packaging (ASX:SIQ) and fleet management services to employers and their employees in Australia.

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