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An announcement from Brambles ( (AU:BXB) ) is now available.
Brambles Limited has announced an update on its ongoing on-market buy-back program, revealing that a total of 7,867,734 ordinary fully paid securities have been bought back to date. This move is part of the company’s strategy to manage its capital structure and return value to shareholders, potentially impacting its stock liquidity and market perception.
The most recent analyst rating on (AU:BXB) stock is a Buy with a A$28.00 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 and supply chain industry, primarily focusing on pooling and managing reusable pallets, crates, and containers. The company serves a wide range of sectors, including consumer goods, fresh produce, beverage, retail, and general manufacturing industries.
YTD Price Performance: 26.38%
Average Trading Volume: 3,548,555
Technical Sentiment Signal: Buy
Current Market Cap: A$32.24B
For a thorough assessment of BXB stock, go to TipRanks’ Stock Analysis page.