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The latest update is out from Hongkong Land Holdings ( (GB:HKLD) ).
Hongkong Land Holdings Limited announced the repurchase of 240,000 of its ordinary shares at an average price of US$6.2462 per share, which will be canceled. This move aligns with the company’s strategy to manage its share capital effectively, potentially enhancing shareholder value and impacting the company’s market positioning by reducing the number of shares in circulation.
The most recent analyst rating on (GB:HKLD) stock is a Hold with a $4.80 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. It operates primarily in Hong Kong and other Asian cities, focusing on commercial and residential properties.
Average Trading Volume: 4,362
Technical Sentiment Signal: Buy
Current Market Cap: $13.38B
For an in-depth examination of HKLD stock, go to TipRanks’ Overview page.