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Brambles Limited Updates on Market Buy-Back Program

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Brambles Limited Updates on Market Buy-Back Program

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Brambles ( (AU:BXB) ) has shared an announcement.

Brambles Limited has announced an update on its ongoing on-market buy-back program, revealing that a total of 27,991,158 securities have been bought back before the previous day, with an additional 122,700 securities purchased on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value, reflecting a proactive approach to optimizing its financial operations.

The most recent analyst rating on (AU:BXB) stock is a Buy with a A$16.60 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 the provision of supply chain solutions. The company is known for its pallet and container pooling services, which are essential for efficient product transportation and storage across various markets.

YTD Price Performance: 16.37%

Average Trading Volume: 3,524,600

Technical Sentiment Signal: Buy

Current Market Cap: A$30.2B

For a thorough assessment of BXB stock, go to TipRanks’ Stock Analysis page.

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