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An update from Magellan Financial Group Ltd ( (AU:MFG) ) is now available.
Magellan Financial Group Ltd has announced an update regarding its ongoing on-market buy-back program, with a total of 14,116,543 securities bought back before the previous day and an additional 10,601 securities bought back on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:MFG) stock is a Sell with a A$8.65 price target. To see the full list of analyst forecasts on Magellan Financial Group Ltd stock, see the AU:MFG Stock Forecast page.
More about Magellan Financial Group Ltd
Magellan Financial Group Ltd is a company operating in the financial services industry, primarily focusing on investment management. The company is known for managing global equity and infrastructure strategies for retail and institutional investors.
Average Trading Volume: 682,988
Technical Sentiment Signal: Buy
Current Market Cap: A$1.79B
For a thorough assessment of MFG stock, go to TipRanks’ Stock Analysis page.