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Orora ( (AU:ORA) ) has provided an update.
Orora Limited has announced an update on its ongoing share buy-back program, detailing the acquisition of 389,182 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to 105,270,949. This buy-back initiative is part of Orora’s strategy to optimize its capital structure and potentially enhance shareholder value, reflecting the company’s commitment to returning capital to its investors.
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 including glass, aluminum, and fiber products. The company focuses on serving markets in Australasia and North America, catering to various sectors such as food, beverage, and industrial packaging.
YTD Price Performance: -7.12%
Average Trading Volume: 4,267,911
Technical Sentiment Signal: Buy
Current Market Cap: A$2.69B
See more insights into ORA stock on TipRanks’ Stock Analysis page.