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Kip McGrath Education Centres Limited ( (AU:KME) ) just unveiled an announcement.
Kip McGrath Education Centres Limited has continued its on-market share buy-back program, reporting that it repurchased 66,666 ordinary fully paid shares on the previous trading day, bringing the total bought back so far to 1,283,284 shares. The ongoing daily buy-back notifications signal active capital management by the company, which may support earnings per share and indicate confidence in its valuation, with implications for existing shareholders through a reduced share base and potentially improved shareholder returns over time.
The most recent analyst rating on (AU:KME) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Kip McGrath Education Centres Limited stock, see the AU:KME Stock Forecast page.
More about Kip McGrath Education Centres Limited
Kip McGrath Education Centres Limited operates in the education services industry, providing tutoring and supplementary education programs. The company focuses on delivering learning support, primarily through its network of education centres, targeting school-aged students seeking improvement in core academic subjects.
Average Trading Volume: 157,389
Technical Sentiment Signal: Buy
Current Market Cap: A$33.45M
Find detailed analytics on KME stock on TipRanks’ Stock Analysis page.