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Brambles ( (AU:BXB) ) has provided an announcement.
Brambles Limited has announced an update on its ongoing on-market buy-back program, revealing that a total of 9,128,086 securities have been bought back prior to the previous day, with an additional 174,036 securities acquired on the previous day. This buy-back initiative is part of Brambles’ strategy to optimize its capital structure and deliver value to its shareholders, potentially impacting its market positioning by enhancing shareholder returns and demonstrating financial robustness.
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 and supply chain industry, primarily focusing on providing pallet and container pooling services. The company is known for its extensive network and expertise in supply chain solutions, catering to various sectors including consumer goods, fresh produce, and automotive industries.
Average Trading Volume: 3,322,301
Technical Sentiment Signal: Buy
Current Market Cap: A$32.14B
See more data about BXB stock on TipRanks’ Stock Analysis page.