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Orora ( (AU:ORA) ) has issued an announcement.
Orora Limited has announced an update on its ongoing share buy-back program, revealing that a total of 57,258,888 ordinary fully paid securities have been bought back prior to the previous day, with an additional 494,724 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 the company’s robust financial position and confidence in its future prospects.
The most recent analyst rating on (AU:ORA) stock is a Buy with a A$2.70 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 including glass bottles, cans, and other materials primarily for the beverage and food sectors. The company focuses on delivering innovative and sustainable packaging solutions to its clients.
YTD Price Performance: -24.47%
Average Trading Volume: 4,038,982
Technical Sentiment Signal: Sell
Current Market Cap: A$2.33B
For detailed information about ORA stock, go to TipRanks’ Stock Analysis page.