Highlights

  • Consensus rating of Buy from 6 analysts: 6 Buy or equivalent, 0 Hold, 0 Sell or equivalent.
  • Mean price target of A$17.65 against a share price of A$14.44 on 8 October 2026, an implied upside of 22.2%.
  • Analyst targets range from A$14.37 to A$19.80.
  • The transaction is subject to regulatory approval and is expected to complete early in calendar 2027 after HSBC de-activates the Credit cards on issue.

Credit Corp Group (ASX:CCP) carries a consensus analyst rating of Buy. Of the 6 analyst recommendations recorded, 6 are Buy or equivalent, 0 are Hold and 0 are Sell or equivalent. The mean price target is A$17.65, with targets ranging from A$14.37 to A$19.80, against a current share price of A$14.44 (8 October 2026). Credit Corp Group Limited is a Debt buyer and consumer lender operating in Australia, New Zealand and the United States.

Company name

Credit Corp Group

Ticker

(ASX:CCP)

Exchange

ASX (Australian Securities Exchange)

Current share price

A$14.44

Price date

8 October 2026

Number of analysts

6

Rating consensus

Buy

Consensus price target (mean)

A$17.65

Highest target

A$19.80

Lowest target

A$14.37

Implied upside/downside to mean target

Implied upside of 22.2%

Latest developments

Credit Corp Group (ASX:CCP) announced on 21 August 2026 that it has signed a binding agreement with HSBC Bank Australia Limited to acquire its Australian credit card run-off book. The transaction is subject to regulatory approval and is expected to complete early in calendar 2027 after HSBC de-activates the credit cards on issue. The consideration will be determined closer to completion and is expected to be about A$150 million.

The company said the transaction has been priced to achieve its hurdle return, although the duration of the receivables will be shorter than is typical for a book of charged-off debts.

As a result of the transaction, Credit Corp revised its FY27 market guidance. Purchased debt ledger (PDL) acquisitions are now expected to be $300 million to $380 million, compared with $200 million to $280 million, comprising $100 million to $130 million in the US and $200 million to $250 million in Australia and New Zealand. Gross lending volumes remain $445 million to $495 million. NPAT guidance is now $112 million to $120 million, compared with $110 million to $118 million, and EPS guidance is 164 to 176 cents, compared with 161 to 173 cents. First-half FY27 NPAT guidance is $45 million to $55 million, and the revised NPAT range represents 10% growth on FY26 at the mid-point.

Risks and what to watch

The Acquisition is subject to regulatory approval and its completion depends on HSBC de-activating the cards, with the consideration of about A$150 million still to be determined. The company notes the receivables have a shorter duration than a typical charged-off debt book. The revised guidance depends on completion, and results also depend on collections performance, lending credit quality and funding.

Next milestones

Items to watch include regulatory approval and completion early in calendar 2027, the final consideration, first-half FY27 NPAT against the $45 million to $55 million range, and the company's FY26 results and funding arrangements for the acquisition.