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The latest announcement is out from Brambles ( (AU:BXB) ).
Brambles Limited has announced an update on its ongoing share buy-back program, reporting the acquisition of 396,752 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to 28,276,344. This buy-back initiative is part of Brambles’ strategy to optimize its capital structure and return value to shareholders, potentially enhancing the company’s market positioning and investor confidence.
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. The company is known for its pallet and container pooling services, which are essential for efficient supply chain management across various sectors.
YTD Price Performance: 22.34%
Average Trading Volume: 3,549,788
Technical Sentiment Signal: Buy
Current Market Cap: A$31.74B
For a thorough assessment of BXB stock, go to TipRanks’ Stock Analysis page.