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Treasury Wine Estates Limited ( (AU:TWE) ) has provided an announcement.
Treasury Wine Estates Limited has announced a daily update on its ongoing on-market buy-back program, revealing that a total of 217,000 ordinary fully paid securities were bought back on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:TWE) stock is a Buy with a A$8.50 price target. To see the full list of analyst forecasts on Treasury Wine Estates Limited stock, see the AU:TWE Stock Forecast page.
More about Treasury Wine Estates Limited
Treasury Wine Estates Limited is a prominent player in the wine industry, focusing on the production and distribution of a diverse range of wines. The company is known for its extensive portfolio of brands and its market presence in various regions.
Average Trading Volume: 5,568,716
Technical Sentiment Signal: Sell
Current Market Cap: A$6.35B
For a thorough assessment of TWE stock, go to TipRanks’ Stock Analysis page.