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Brambles ( (AU:BXB) ) has provided an update.
Brambles Limited has announced the cessation of 267,882 of its 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 market positioning by optimizing its capital structure and possibly enhancing shareholder value.
The most recent analyst rating on (AU:BXB) stock is a Buy with a A$16.60 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 sectors.
Average Trading Volume: 3,641,517
Technical Sentiment Signal: Buy
Current Market Cap: A$32.1B
Find detailed analytics on BXB stock on TipRanks’ Stock Analysis page.