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An announcement from Perenti Global ( (AU:PRN) ) is now available.
Perenti Limited has announced an on-market buy-back of its ordinary fully paid shares, as indicated by the ASX security code PRN. This move is part of the company’s strategic efforts to optimize its capital structure and potentially enhance shareholder value. The buy-back could impact the company’s stock liquidity and market perception, signaling confidence in its financial health and future prospects.
The most recent analyst rating on (AU:PRN) stock is a Buy with a A$2.55 price target. To see the full list of analyst forecasts on Perenti Global stock, see the AU:PRN Stock Forecast page.
More about Perenti Global
Perenti Limited is a diversified global mining services group, providing a range of mining and infrastructure services to the resources sector. The company is primarily focused on the mining industry, offering services such as drilling, blasting, and mine development to clients worldwide.
Average Trading Volume: 2,939,221
Technical Sentiment Signal: Buy
Current Market Cap: A$2.23B
Find detailed analytics on PRN stock on TipRanks’ Stock Analysis page.