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Brambles Limited Updates on Market Buy-Back Program

Story Highlights
  • Brambles Limited is actively engaged in a buy-back program, purchasing 146,067 shares recently.
  • The buy-back aims to optimize capital structure and enhance shareholder value for Brambles.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Brambles Limited Updates on Market Buy-Back Program

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

Brambles Limited has announced an update on its ongoing on-market buy-back program, with a total of 146,067 ordinary fully paid securities bought back on the previous day, adding to the cumulative total of 4,509,983 securities repurchased. This buy-back initiative is part of Brambles’ strategy to optimize its capital structure and enhance shareholder value, reflecting the company’s commitment to efficient capital management and potentially impacting its market positioning positively.

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 and supply chain industry, primarily focusing on providing pallet and container pooling services. The company is known for its extensive network and expertise in supply chain solutions, catering to various sectors globally.

Average Trading Volume: 3,501,895

Technical Sentiment Signal: Buy

Current Market Cap: A$33.87B

See more data about BXB stock on TipRanks’ Stock Analysis page.

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