TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The latest announcement is out from Brambles ( (AU:BXB) ).
Brambles Limited announced the cessation of 243,601 ordinary fully paid securities as part of an on-market buy-back. This strategic move is likely aimed at optimizing the company’s capital structure and potentially enhancing shareholder value, reflecting Brambles’ ongoing efforts to strengthen its financial position and market competitiveness.
The most recent analyst rating on (AU:BXB) stock is a Buy with a A$28.00 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 is a supply chain logistics company specializing in the pooling of unit-load equipment, pallets, crates, and containers. It operates primarily in the logistics and supply chain industry, focusing on providing efficient and sustainable solutions for the movement of goods across various markets.
Average Trading Volume: 3,549,498
Technical Sentiment Signal: Buy
Current Market Cap: A$31.98B
For an in-depth examination of BXB stock, go to TipRanks’ Overview page.