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Brambles ( (AU:BXB) ) has issued an announcement.
Brambles Limited announced an update on its ongoing on-market buy-back program, revealing that it has repurchased a total of 10,538,975 securities prior to the previous day, with an additional 266,609 securities bought back on the previous day. This buy-back initiative is part of Brambles’ strategy to optimize its capital structure and deliver value to its shareholders, reflecting the company’s commitment to maintaining a strong financial position and enhancing shareholder returns.
The most recent analyst rating on (AU:BXB) stock is a Buy with a A$27.50 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 sustainable solutions that help businesses transport goods efficiently and reduce their environmental impact.
Average Trading Volume: 3,123,752
Technical Sentiment Signal: Buy
Current Market Cap: A$31.3B
Learn more about BXB stock on TipRanks’ Stock Analysis page.