Perenti Updates Market on Progress of Ongoing Share Buy-Back

Perenti Global ( (AU:PRN) ) has issued an update.

Perenti Limited has provided an update on its on-market share buy-back program for its ordinary fully paid shares traded under ASX code PRN. The company disclosed that, as of 28 April 2026, it had repurchased a cumulative total of 3,297,561 shares prior to the previous trading day, with an additional 105,285 shares bought back on the prior day.

The ongoing buy-back, initially notified in September 2025 and reported through daily updates, signals Perenti’s continued capital management efforts and potential confidence in its valuation. Regular buy-back activity can support the share price and may enhance earnings per share, offering potential benefits to remaining shareholders and reinforcing the company’s positioning in the market.

The most recent analyst rating on (AU:PRN) stock is a Hold with a A$2.35 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 Australian-listed company operating under the ASX code PRN, with its primary securities being ordinary fully paid shares. The company is active in the mining services and contracting sector, providing specialised services to resource projects and related industries.

Average Trading Volume: 3,064,170

Technical Sentiment Signal: Buy

Current Market Cap: A$1.78B

For detailed information about PRN stock, go to TipRanks’ Stock Analysis page.