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The latest announcement is out from Graincorp Limited Class A ( (AU:GNC) ).
Graincorp Limited has announced an update on its ongoing on-market buy-back program, reporting the purchase of 47,634 ordinary fully paid Class A securities on the previous day, bringing the total number of securities bought back to 4,882,680. This buy-back initiative is part of the company’s strategy to optimize its capital structure and enhance shareholder value, reflecting its strong financial position and commitment to returning capital to shareholders.
The most recent analyst rating on (AU:GNC) stock is a Hold with a A$7.95 price target. To see the full list of analyst forecasts on Graincorp Limited Class A stock, see the AU:GNC Stock Forecast page.
More about Graincorp Limited Class A
Graincorp Limited operates in the agricultural industry, primarily focusing on grain handling, storage, and marketing services. The company is a significant player in the agribusiness sector, catering to both domestic and international markets.
Average Trading Volume: 1,005,901
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.71B
See more data about GNC stock on TipRanks’ Stock Analysis page.