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MAAS Group Holdings Ltd. ( (AU:MGH) ) just unveiled an announcement.
Maas Group Holdings has secured Board approval to extend its existing on‑market share buyback program, allowing the company to repurchase up to 10% of its issued ordinary share capital for a further 12 months. The extension is aimed at enhancing sustainable returns on equity for shareholders and signals the Board’s confidence in the company’s operational performance and capital strength, with the pace and scale of buybacks to be adjusted in line with share price movements, market conditions and MGH’s capital position over the coming year.
The most recent analyst rating on (AU:MGH) stock is a Hold with a A$6.00 price target. To see the full list of analyst forecasts on MAAS Group Holdings Ltd. stock, see the AU:MGH Stock Forecast page.
More about MAAS Group Holdings Ltd.
Maas Group Holdings Limited (MGH) is a leading independent Australian construction materials, equipment and services provider with diversified exposure across civil, infrastructure, mining and real estate end markets.
Average Trading Volume: 434,392
Technical Sentiment Signal: Buy
Current Market Cap: A$1.99B
For detailed information about MGH stock, go to TipRanks’ Stock Analysis page.