TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Geely Automobile Holdings ( (HK:0175) ) has shared an update.
Geely Automobile Holdings Limited has announced a HK$2.3 billion automatic share buy-back program, approved by its board of directors. The buy-back will be executed by Morgan Stanley & Co. International plc, following pre-determined parameters and independent of the company. The program is designed to mitigate risks associated with trading on undisclosed inside information, and a waiver has been granted to allow share repurchases during restricted periods. This move is expected to enhance shareholder value and reflects Geely’s strategic financial management, positioning the company favorably in the market.
The most recent analyst rating on (HK:0175) stock is a Buy with a HK$27.00 price target. To see the full list of analyst forecasts on Geely Automobile Holdings stock, see the HK:0175 Stock Forecast page.
More about Geely Automobile Holdings
Geely Automobile Holdings Limited is a leading global automotive manufacturer known for its active international strategy. The company is involved in the production and sale of automobiles and related components, focusing on innovative and strategic transactions and investments in the automotive industry.
Average Trading Volume: 66,862,714
Technical Sentiment Signal: Buy
Current Market Cap: HK$177.4B
For an in-depth examination of 0175 stock, go to TipRanks’ Overview page.