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FleetPartners Group Updates on Share Buy-Back Progress

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FleetPartners Group Updates on Share Buy-Back Progress

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FleetPartners Group ( (AU:FPR) ) has provided an announcement.

FleetPartners Group Limited has announced an update on its ongoing share buy-back program, revealing that a total of 135,000 ordinary fully paid securities were bought back on the previous day, adding to the cumulative total of 80,831,553 securities repurchased since the program’s inception. This buy-back initiative is part of the company’s strategy to enhance shareholder value and optimize its capital structure, reflecting a commitment to returning excess capital to shareholders and potentially improving earnings per share.

The most recent analyst rating on (AU:FPR) stock is a Buy with a A$3.90 price target. To see the full list of analyst forecasts on FleetPartners Group stock, see the AU:FPR Stock Forecast page.

More about FleetPartners Group

FleetPartners Group Limited operates in the financial services industry, focusing on providing vehicle leasing and fleet management solutions. The company offers a range of services including fleet leasing, fleet management, and vehicle finance, catering primarily to corporate and government clients.

YTD Price Performance: 2.97%

Average Trading Volume: 275,060

Technical Sentiment Signal: Hold

Current Market Cap: A$600.8M

For an in-depth examination of FPR stock, go to TipRanks’ Overview page.

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