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Graincorp Limited Class A ( (AU:GNC) ) has shared an update.
Graincorp Limited has announced an update regarding its ongoing buy-back program, revealing that a total of 59,874 ordinary fully paid Class A securities were bought back on the previous day, adding to the cumulative total of 2,649,669 securities repurchased. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:GNC) stock is a Buy with a A$9.80 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 agribusiness industry, focusing on the storage, handling, marketing, and processing of grain and other agricultural commodities. The company plays a significant role in the supply chain for grain and related products, serving both domestic and international markets.
Average Trading Volume: 841,631
Technical Sentiment Signal: Buy
Current Market Cap: A$1.65B
See more data about GNC stock on TipRanks’ Stock Analysis page.