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Aurizon Holdings ( (AU:AZJ) ) has issued an update.
Aurizon Holdings Limited has announced an update on its ongoing on-market buy-back program, revealing that a total of 550,734 ordinary fully paid securities were bought back on the previous day, contributing to a cumulative total of 3,101,836 securities repurchased. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value, reflecting its commitment to maintaining a balanced financial approach.
The most recent analyst rating on (AU:AZJ) stock is a Sell with a A$3.08 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
More about Aurizon Holdings
Aurizon Holdings Limited operates in the rail freight industry, primarily providing transportation services across Australia. The company focuses on delivering bulk commodities such as coal, iron ore, and agricultural products, playing a significant role in the logistics and supply chain sector.
Average Trading Volume: 5,487,554
Technical Sentiment Signal: Buy
Current Market Cap: A$5.6B
For a thorough assessment of AZJ stock, go to TipRanks’ Stock Analysis page.