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The latest update is out from Brambles ( (AU:BXB) ).
Brambles Limited has announced an update on its ongoing on-market buy-back program, reporting the acquisition of 237,998 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to 10,300,977. This buy-back initiative is part of Brambles’ strategy to optimize its capital structure and deliver value to its shareholders, potentially enhancing its market position and stakeholder confidence.
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 focusing on supply chain and logistics solutions. The company is known for providing pallet and container pooling services, which are essential for efficient supply chain management across various industries.
Average Trading Volume: 3,111,823
Technical Sentiment Signal: Buy
Current Market Cap: A$31.53B
For detailed information about BXB stock, go to TipRanks’ Stock Analysis page.