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Orora ( (AU:ORA) ) has issued an announcement.
Orora Limited has announced an update on its ongoing on-market buy-back program, revealing that a total of 69,042,420 securities have been bought back before the previous day, with an additional 967,844 securities acquired on the previous day. This buy-back initiative is part of Orora’s strategy to optimize its capital structure and enhance shareholder value, reflecting its commitment to returning capital to shareholders and potentially improving its market positioning.
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 operates in the packaging industry, providing a range of packaging solutions and services. The company focuses on delivering innovative packaging products to various market segments, enhancing customer experiences and operational efficiencies.
Average Trading Volume: 4,679,718
Technical Sentiment Signal: Buy
Current Market Cap: A$2.68B
Learn more about ORA stock on TipRanks’ Stock Analysis page.