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Brambles ( (AU:BXB) ) just unveiled an announcement.
Brambles Limited has announced an update on its ongoing on-market buy-back program, revealing that a total of 1,212,909 securities were bought back before the previous day, with an additional 247,765 securities acquired on the previous day. This buy-back initiative is part of Brambles’ strategy to manage its capital structure effectively, potentially enhancing shareholder value and signaling confidence in the company’s financial health.
The most recent analyst rating on (AU:BXB) stock is a Hold with a A$25.90 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 and efficient supply chain solutions, serving a global market with a strong emphasis on environmental responsibility.
Average Trading Volume: 3,753,409
Technical Sentiment Signal: Buy
Current Market Cap: A$34.52B
See more insights into BXB stock on TipRanks’ Stock Analysis page.