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Brambles ( (AU:BXB) ) just unveiled an update.
Brambles Limited has announced the completion of its on-market buy-back program, repurchasing a total of 29,929,870 ordinary fully paid securities for approximately AUD 597.1 million. This strategic move is likely aimed at optimizing the company’s capital structure and enhancing shareholder value, reflecting a positive outlook for its financial health and market positioning.
The most recent analyst rating on (AU:BXB) stock is a Buy with a A$20.00 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 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 a wide range of industries globally.
Average Trading Volume: 3,883,267
Technical Sentiment Signal: Buy
Current Market Cap: A$31.89B
For an in-depth examination of BXB stock, go to TipRanks’ Overview page.