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The latest update is out from Brambles ( (AU:BXB) ).
Brambles Limited has announced an update on its ongoing on-market buy-back program, with a total of 11,020,391 securities bought back before the previous day and an additional 161,601 securities acquired on the previous day. This buy-back initiative reflects the company’s strategy to optimize its capital structure and potentially enhance shareholder value, indicating a proactive approach to managing its financial resources.
The most recent analyst rating on (AU:BXB) stock is a Buy with a A$27.50 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 innovative supply chain solutions and has a significant presence in the global market.
YTD Price Performance: 22.80%
Average Trading Volume: 3,107,654
Technical Sentiment Signal: Buy
Current Market Cap: A$31.25B
See more data about BXB stock on TipRanks’ Stock Analysis page.