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Treasury Wine Estates Limited ( (AU:TWE) ) has provided an announcement.
Treasury Wine Estates Limited has announced an update regarding its ongoing on-market buy-back program. As of the latest notification, the company has repurchased a total of 1,824,978 securities before the previous day, with an additional 444,000 securities bought back on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure effectively, potentially enhancing shareholder value and signaling confidence in its financial health.
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 operates in the wine industry, specializing in the production and distribution of wine. The company focuses on offering a diverse portfolio of wine brands to cater to various market segments globally.
Average Trading Volume: 5,180,365
Technical Sentiment Signal: Sell
Current Market Cap: A$6.2B
Learn more about TWE stock on TipRanks’ Stock Analysis page.