Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
The latest update is out from Orora ( (AU:ORA) ).
Orora Limited has provided a daily update on its on-market share buy-back program, confirming that a total of 108,560,370 ordinary fully paid shares had been repurchased before the latest reporting day, with a further 221,924 shares bought back on the previous trading day. The continued execution of this on-market buy-back signals Orora’s ongoing capital management strategy, which is likely aimed at optimising its balance sheet, potentially enhancing earnings per share, and returning surplus capital to shareholders, and underscores management’s confidence in the company’s valuation and long-term prospects.
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
Orora Limited is an Australian-listed company (ASX: ORA) that issues ordinary fully paid shares and operates in the packaging and related services sector, serving industrial and consumer markets domestically and internationally.
Average Trading Volume: 4,239,402
Technical Sentiment Signal: Buy
Current Market Cap: A$2.74B
For a thorough assessment of ORA stock, go to TipRanks’ Stock Analysis page.