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Perenti Updates Market on Progress of On-Market Share Buy-Back

Story Highlights
  • Perenti issued an updated ASX notification detailing progress in its on-market buy-back of ordinary fully paid shares.
  • The company has repurchased over 250,000 shares to date, reinforcing its capital management strategy and signalling ongoing support for shareholder value.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Perenti Updates Market on Progress of On-Market Share Buy-Back

Meet Samuel – Your Personal Investing Prophet

Perenti Global ( (AU:PRN) ) has shared an announcement.

Perenti Limited has provided an updated notification to the ASX on its ongoing on-market share buy-back for ordinary fully paid shares under code PRN. The update, dated 9 March 2026, confirms that a total of 254,232 shares had been repurchased before the previous trading day, with a further 48,773 shares bought back on the prior day.

The daily disclosure underscores Perenti’s continued execution of its buy-back program first announced in September 2025, signalling active capital management and a reduction in shares on issue. Regular buy-back updates may support market transparency, potentially influencing investor perceptions of the company’s valuation and its commitment to returning capital to shareholders.

The most recent analyst rating on (AU:PRN) stock is a Hold with a A$2.50 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 an ASX-listed company trading under the ticker PRN, with its primary listed securities being ordinary fully paid shares. The company is engaged in activities that warrant active management of its capital structure through on-market share buy-back programs, reflecting a focus on optimising shareholder value and balance sheet efficiency.

YTD Price Performance: -24.01%

Average Trading Volume: 2,896,399

Technical Sentiment Signal: Buy

Current Market Cap: A$1.99B

See more data about PRN stock on TipRanks’ Stock Analysis page.

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