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The latest update is out from oOh media Ltd ( (AU:OML) ).
oOh!media Limited has provided an updated notification to the ASX regarding its on-market share buy-back of ordinary fully paid shares. The latest daily report states that a total of 631,671 shares had been repurchased before the previous trading day, with a further 254,002 shares bought back on the previous day as part of the ongoing program.
oOh!media’s continuing on-market buy-back signals active capital management and may support earnings per share by reducing the number of shares on issue. The daily disclosure of repurchase activity keeps investors informed about the scale and pace of the program, which can influence perceptions of the company’s valuation and balance sheet strength.
The most recent analyst rating on (AU:OML) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on oOh media Ltd stock, see the AU:OML Stock Forecast page.
More about oOh media Ltd
oOh!media Limited is an Australian-listed out-of-home advertising company that trades on the ASX under the code OML. The group operates through a portfolio of outdoor media assets and sells display advertising inventory across formats such as billboards and other street and transit assets to brand and agency clients.
Average Trading Volume: 1,153,156
Technical Sentiment Signal: Sell
Current Market Cap: A$501.1M
For detailed information about OML stock, go to TipRanks’ Stock Analysis page.