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Shopping Centres Australasia Property Group RE ( (AU:RGN) ) has provided an update.
Region Group has announced an update regarding its ongoing on-market buy-back program, focusing on fully paid units stapled securities. The company reported that a total of 1,096,640 securities had been bought back before the previous day, with an additional 12,091 securities purchased on the previous day. This buy-back initiative is part of Region Group’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:RGN) stock is a Buy with a A$2.50 price target. To see the full list of analyst forecasts on Shopping Centres Australasia Property Group RE stock, see the AU:RGN Stock Forecast page.
More about Shopping Centres Australasia Property Group RE
Average Trading Volume: 3,056,615
Technical Sentiment Signal: Buy
Current Market Cap: A$2.74B
Learn more about RGN stock on TipRanks’ Stock Analysis page.