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Loomis AB ( (SE:LOOMIS) ) just unveiled an update.
Loomis AB’s Board of Directors has decided to repurchase shares up to SEK 200 million during the third quarter of 2025, as authorized by the Annual General Meeting. The repurchase will be conducted on Nasdaq Stockholm, with Danske Bank administrating the process. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (SE:LOOMIS) stock is a Hold with a SEK320.00 price target. To see the full list of analyst forecasts on Loomis AB stock, see the SE:LOOMIS Stock Forecast page.
More about Loomis AB
Loomis offers secure and effective comprehensive solutions for managing payments, including the distribution, handling, storage, and recycling of cash and other valuables. Its customers are mainly financial institutions and retailers. Loomis operates through an international network of around 400 branches in 27 countries, employing approximately 24,000 people, and had revenue in 2024 of more than SEK 30 billion. The company is listed on the Nasdaq Stockholm Large-Cap list.
Average Trading Volume: 126,815
Technical Sentiment Signal: Buy
Current Market Cap: SEK26.43B
Find detailed analytics on LOOMIS stock on TipRanks’ Stock Analysis page.