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The latest announcement is out from Shopping Centres Australasia Property Group RE ( (AU:RGN) ).
Region Group has announced an update regarding its ongoing on-market buy-back of fully paid units stapled securities, with a total of 2,366,513 securities bought back before the previous day and an additional 211,744 securities acquired on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure, potentially enhancing shareholder value and signaling confidence in its financial health.
The most recent analyst rating on (AU:RGN) stock is a Hold with a A$2.40 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
YTD Price Performance: 19.64%
Average Trading Volume: 2,492,172
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$2.79B
Learn more about RGN stock on TipRanks’ Stock Analysis page.