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CVC Limited ( (AU:CVC) ) has shared an update.
CVC Limited has announced the finalization of its on-market buy-back program, which involves the repurchase of up to 20 million of its ordinary fully paid shares. This move is facilitated by Bridges Financial Services Pty Limited and aims to optimize the company’s capital structure. The buy-back is expected to enhance shareholder value by reducing the number of shares outstanding, potentially increasing earnings per share and providing a favorable impact on the company’s stock price.
The most recent analyst rating on (AU:CVC) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on CVC Limited stock, see the AU:CVC Stock Forecast page.
More about CVC Limited
Average Trading Volume: 8,792
Technical Sentiment Signal: Buy
Current Market Cap: A$241.4M
For detailed information about CVC stock, go to TipRanks’ Stock Analysis page.