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Brambles ( (AU:BXB) ) has issued an update.
Brambles Limited announced the cessation of 176,975 ordinary fully paid securities due to an on-market buy-back. This move is part of the company’s capital management strategy, potentially impacting its share value and providing a return to shareholders, while also influencing its market positioning by optimizing its capital structure.
The most recent analyst rating on (AU:BXB) stock is a Hold with a A$25.65 price target. To see the full list of analyst forecasts on Brambles stock, see the AU:BXB Stock Forecast page.
More about Brambles
Brambles Limited operates in the logistics industry, primarily providing supply chain solutions through the management of reusable pallets, crates, and containers. The company focuses on enhancing the efficiency and sustainability of supply chains across various sectors globally.
YTD Price Performance: 24.19%
Average Trading Volume: 3,303,193
Technical Sentiment Signal: Buy
Current Market Cap: A$31.67B
Learn more about BXB stock on TipRanks’ Stock Analysis page.