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An update from Brambles ( (AU:BXB) ) is now available.
Brambles Limited has announced an update on its ongoing share buy-back program, with a total of 127,093 ordinary fully paid securities bought back on the previous day, adding to the cumulative total of 10,173,884 securities repurchased. This buy-back initiative is part of Brambles’ strategy to optimize its capital structure and return value to shareholders, potentially enhancing its market position and signaling confidence in its financial health.
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 industry, primarily focusing on supply chain solutions. The company is known for its pooling of unit-load equipment, pallets, crates, and containers, serving various sectors including fast-moving consumer goods, fresh produce, beverage, retail, and general manufacturing.
YTD Price Performance: 23.81%
Average Trading Volume: 3,138,780
Technical Sentiment Signal: Buy
Current Market Cap: A$31.54B
Learn more about BXB stock on TipRanks’ Stock Analysis page.