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Aurizon Holdings ( (AU:AZJ) ) has provided an update.
Aurizon Holdings Limited has announced an update regarding its ongoing on-market buy-back program, with a total of 561,658 ordinary fully paid securities bought back on the previous day, adding to the cumulative total of 16,758,032 securities repurchased. This buy-back initiative is part of Aurizon’s strategy to optimize its capital structure and potentially enhance shareholder value by reducing the number of shares outstanding.
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 is a prominent player in the rail freight industry, primarily focusing on the transportation of coal, iron ore, and other bulk commodities across Australia. The company is listed on the Australian Securities Exchange under the code AZJ and is known for its significant role in supporting the mining and resources sectors.
Average Trading Volume: 5,805,337
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$5.97B
See more insights into AZJ stock on TipRanks’ Stock Analysis page.