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Brambles ( (AU:BXB) ) has issued an update.
Brambles Limited has announced a daily update on its ongoing on-market buy-back program, with a total of 28,673,096 securities bought back before the previous day and an additional 597,346 securities purchased on the previous day. This buy-back initiative is part of Brambles’ strategy to optimize its capital structure and potentially enhance shareholder value by reducing the number of outstanding shares.
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 focusing on providing supply chain solutions. The company is known for its pallet and container pooling services, which help businesses efficiently manage their logistics and transportation needs.
Average Trading Volume: 3,568,381
Technical Sentiment Signal: Buy
Current Market Cap: A$32.05B
For a thorough assessment of BXB stock, go to TipRanks’ Stock Analysis page.