TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Hongkong Land Holdings ( (GB:HKLD) ) has provided an update.
Hongkong Land Holdings Limited announced a market repurchase of 230,000 of its ordinary shares, with prices ranging from US$6.30 to US$6.42 per share, and a weighted average purchase price of US$6.3477. This repurchase, which will result in the cancellation of the shares, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value. The move also aligns with the Financial Conduct Authority’s rules, providing stakeholders with updated information on the company’s issued share capital and voting rights.
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 primarily focuses on commercial and residential properties in key Asian cities, with a significant presence in Hong Kong and Singapore.
Average Trading Volume: 6,140
Technical Sentiment Signal: Buy
Current Market Cap: $13.39B
For a thorough assessment of HKLD stock, go to TipRanks’ Stock Analysis page.