Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest update is out from Hongkong Land Holdings ( (GB:HKLD) ).
Hongkong Land Holdings Limited announced the repurchase of 234,000 of its ordinary shares, with prices ranging from US$6.36 to US$6.46 per share. This move is part of the company’s ongoing capital management strategy, aiming to enhance shareholder value by reducing the number of shares in circulation. The repurchased shares will be cancelled, impacting the total number of voting rights available to shareholders.
The most recent analyst rating on (GB:HKLD) stock is a Buy with a $7.30 price target. To see the full list of analyst forecasts on Hongkong Land Holdings stock, see the GB:HKLD Stock Forecast page.
More about Hongkong Land Holdings
Hongkong Land Holdings Limited is a major property investment, management, and development group. The company focuses on prime office and luxury retail properties in key Asian cities, with a significant presence in Hong Kong and Singapore.
Average Trading Volume: 5,832
Technical Sentiment Signal: Buy
Current Market Cap: $14.21B
For detailed information about HKLD stock, go to TipRanks’ Stock Analysis page.