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Brambles ( (AU:BXB) ) has provided an announcement.
Brambles Limited announced an update on its ongoing on-market buy-back program, reporting the purchase of 320,320 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to 1,755,676. This buy-back initiative is part of Brambles’ strategy to optimize its capital structure and enhance shareholder value, reflecting the company’s confidence in its financial position and future growth prospects.
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 the provision of reusable pallets, crates, and containers. The company serves a wide range of sectors, including consumer goods, fresh produce, beverage, retail, and general manufacturing, with a strong market presence globally.
Average Trading Volume: 3,764,503
Technical Sentiment Signal: Buy
Current Market Cap: A$34.01B
For detailed information about BXB stock, go to TipRanks’ Stock Analysis page.