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Brambles Limited Announces Quotation of New Securities

Story Highlights
  • Brambles Limited is a logistics company offering pallet and container pooling services.
  • Brambles applied for ASX quotation of 61,622 securities under an employee incentive scheme.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Brambles Limited Announces Quotation of New Securities

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

Brambles Limited announced the application for quotation of 61,622 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of an employee incentive scheme, potentially enhancing employee engagement and aligning staff interests with company performance, thereby impacting its operational dynamics and market positioning.

The most recent analyst rating on (AU:BXB) stock is a Hold with a A$25.90 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 providing pallet and container pooling services. The company focuses on efficient supply chain management solutions across various markets, enhancing the movement of goods through sustainable practices.

Average Trading Volume: 3,720,314

Technical Sentiment Signal: Buy

Current Market Cap: A$35.71B

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

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