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Brambles Limited Updates on Market Buy-Back Progress

Story Highlights
  • Brambles Limited operates in logistics, providing pooling services for pallets and containers.
  • Brambles updates on buy-back, acquiring 39,787 shares to optimize capital structure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Brambles Limited Updates on Market Buy-Back Progress

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

Brambles Limited has announced an update on its ongoing on-market buy-back program, detailing the acquisition of 39,787 ordinary fully paid securities on the previous day, adding to a total of 28,236,557 securities bought back to date. This buy-back initiative is part of Brambles’ strategy to optimize its capital structure and potentially enhance shareholder value by reducing the number of shares outstanding.

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 providing supply chain solutions through its pooling services for pallets, crates, and containers. The company focuses on enhancing efficiency and sustainability in the supply chain sector, catering to various markets globally.

Average Trading Volume: 3,438,942

Technical Sentiment Signal: Buy

Current Market Cap: A$30.2B

Learn more about BXB stock on TipRanks’ Stock Analysis page.

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