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Brambles ( (AU:BXB) ) has provided an announcement.
Brambles Limited has announced an update on its ongoing on-market buy-back program, reporting the acquisition of 122,699 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to 28,113,858. This buy-back initiative is part of Brambles’ strategic efforts to optimize its capital structure and enhance shareholder value, reflecting confidence in its financial position and future prospects.
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 and supply chain industry, primarily focusing on providing pallet and container pooling services. The company is known for its extensive network and efficient solutions that cater to various sectors, including consumer goods, fresh produce, and automotive industries.
YTD Price Performance: 16.37%
Average Trading Volume: 3,507,416
Technical Sentiment Signal: Buy
Current Market Cap: A$30.2B
See more insights into BXB stock on TipRanks’ Stock Analysis page.