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Brambles Limited Announces Cessation of Securities via Buy-Back

Story Highlights
  • Brambles Limited operates in logistics, offering pallet and container pooling services.
  • Brambles ceased 597,346 securities through an on-market buy-back to enhance shareholder value.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Brambles Limited Announces Cessation of Securities via Buy-Back

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Brambles ( (AU:BXB) ) has issued an update.

Brambles Limited announced the cessation of 597,346 ordinary fully paid securities due to an on-market buy-back. This move is part of the company’s capital management strategy, potentially enhancing shareholder value by reducing the number of shares in circulation, which may positively impact the company’s stock price and market perception.

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 and supply chain industry, primarily focusing on providing pallet and container pooling services. The company is known for its innovative supply chain solutions and operates globally, serving various sectors including consumer goods, fresh produce, and automotive industries.

Average Trading Volume: 3,568,381

Technical Sentiment Signal: Buy

Current Market Cap: A$32.05B

See more insights into BXB stock on TipRanks’ Stock Analysis page.

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