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Brambles ( (AU:BXB) ) has provided an update.
Brambles Limited has announced an update on its ongoing on-market buy-back program, revealing the acquisition of 347,268 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to 8,780,818. This buy-back initiative is part of Brambles’ strategy to optimize its capital structure and enhance shareholder value, reflecting its strong financial position and commitment to returning capital to shareholders.
The most recent analyst rating on (AU:BXB) stock is a Hold with a A$25.65 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 providing supply chain solutions through its pooling services of reusable pallets, crates, and containers. The company focuses on improving efficiency and sustainability in supply chains across various markets globally.
YTD Price Performance: 24.19%
Average Trading Volume: 3,303,193
Technical Sentiment Signal: Buy
Current Market Cap: A$31.67B
For an in-depth examination of BXB stock, go to TipRanks’ Overview page.