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An update from Orora ( (AU:ORA) ) is now available.
Orora Limited has completed an on-market buy-back of 109,715,648 ordinary fully paid shares, paying a total consideration of about A$227.4 million. The finalisation of this buy-back signals the conclusion of a significant capital management initiative, which is likely to improve earnings per share for remaining investors and may support the company’s share price and balance sheet efficiency going forward.
The most recent analyst rating on (AU:ORA) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Orora stock, see the AU:ORA Stock Forecast page.
More about Orora
Average Trading Volume: 3,767,820
Technical Sentiment Signal: Buy
Current Market Cap: A$2.68B
See more insights into ORA stock on TipRanks’ Stock Analysis page.