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An announcement from Treasury Wine Estates Limited ( (AU:TWE) ) is now available.
Treasury Wine Estates Limited has announced an update regarding its ongoing on-market buy-back of ordinary fully paid securities. As of the latest notification, the company has bought back a total of 2,646,185 securities, including 377,207 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 operates in the wine industry, focusing on the production and distribution of wine products. The company is known for its extensive portfolio of premium wines and has a significant presence in the global wine market.
Average Trading Volume: 5,175,102
Technical Sentiment Signal: Sell
Current Market Cap: A$6.21B
For an in-depth examination of TWE stock, go to TipRanks’ Overview page.