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Brambles ( (AU:BXB) ) has shared an update.
Brambles Limited has announced a new application for the quotation of securities on the Australian Securities Exchange (ASX). The announcement includes the issuance of 737 ordinary fully paid securities under an employee incentive scheme, which will be quoted despite any restrictions on transfer. This move is likely to impact the company’s operations by potentially enhancing employee engagement and aligning workforce incentives with company performance, thereby strengthening its industry positioning.
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 the provision of supply chain solutions. The company is known for its pooling of unit-load equipment, pallets, crates, and containers, serving various sectors including fast-moving consumer goods, fresh produce, beverage, retail, and general manufacturing industries.
YTD Price Performance: 15.11%
Average Trading Volume: 3,667,468
Technical Sentiment Signal: Buy
Current Market Cap: A$29.89B
See more data about BXB stock on TipRanks’ Stock Analysis page.