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Graincorp Limited Updates on Ongoing Buy-back Program

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Graincorp Limited Updates on Ongoing Buy-back Program

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Graincorp Limited Class A ( (AU:GNC) ) just unveiled an announcement.

Graincorp Limited has announced an update on its ongoing on-market buy-back program, revealing that a total of 4,413,682 securities have been bought back before the previous day, with an additional 160,817 securities bought back on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value, reflecting a proactive approach in its financial management.

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 is a company operating in the agriculture industry, primarily focusing on the production and distribution of grains and related products. The company is listed on the Australian Securities Exchange under the code GNC and is involved in various agricultural services and commodities.

Average Trading Volume: 954,605

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$1.68B

See more insights into GNC stock on TipRanks’ Stock Analysis page.

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