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An update from Brambles ( (AU:BXB) ) is now available.
Brambles Limited has announced the cessation of 237,998 fully paid ordinary securities as part of an on-market buy-back program. This move is likely to impact the company’s capital structure and could be seen as a strategic effort to enhance shareholder value by reducing the number of shares outstanding.
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 focusing on supply chain solutions. The company is known for its pallet and container pooling services, which are essential for efficient transportation and storage of goods across various markets.
Average Trading Volume: 3,111,823
Technical Sentiment Signal: Buy
Current Market Cap: A$31.53B
For a thorough assessment of BXB stock, go to TipRanks’ Stock Analysis page.