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Brambles Updates Market on Progress of On-Market Share Buyback

Story Highlights
  • Brambles updated the market on its ongoing on-market buyback of ordinary fully paid BXB shares.
  • The company has repurchased 11,727,169 shares to date, including 313,230 shares bought back on the previous day.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Brambles Updates Market on Progress of On-Market Share Buyback

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Brambles ( (AU:BXB) ) has provided an update.

Brambles Limited has provided an update on its on-market share buyback program for its ordinary fully paid shares listed on the ASX under the code BXB. The company disclosed that a total of 11,727,169 shares had been bought back before the previous trading day, with an additional 313,230 shares repurchased on the previous day as part of its ongoing capital management strategy, signaling continued execution of its previously announced buyback plan and a focus on returning capital to shareholders.

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

Average Trading Volume: 3,141,659

Technical Sentiment Signal: Buy

Current Market Cap: A$30.95B

Learn more about BXB stock on TipRanks’ Stock Analysis page.

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