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Graincorp Limited Class A ( (AU:GNC) ) just unveiled an update.
Graincorp Limited has announced an update regarding its ongoing on-market buy-back program of its ordinary fully paid Class A securities. As of the latest update, the company has bought back a total of 5,006,463 securities, with an additional 76,149 securities purchased on the previous day. This buy-back initiative is part of Graincorp’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:GNC) stock is a Hold with a A$8.00 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 is a company operating in the agriculture industry, primarily focusing on the production and distribution of grains. It is involved in various aspects of the grain supply chain, including storage, handling, marketing, and processing, with a significant presence in the Australian market.
Average Trading Volume: 961,214
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.77B
Learn more about GNC stock on TipRanks’ Stock Analysis page.