Trelleborg AB Executes Share Buyback to Enhance Shareholder Value

An update from Trelleborg AB ( ($SE:TREL.B) ) is now available.

Trelleborg AB announced the repurchase of 96,000 series B shares as part of a buyback program aimed at optimizing its capital structure and enhancing shareholder value. The buyback, conducted on Nasdaq Stockholm, is part of a larger program to repurchase up to 2.5 million shares, with the intention of canceling them at future Annual General Meetings, except for those allocated to the Performance Share Program.

The most recent analyst rating on ($SE:TREL.B) stock is a Hold with a SEK425.00 price target. To see the full list of analyst forecasts on Trelleborg AB stock, see the SE:TREL.B Stock Forecast page.

More about Trelleborg AB

Trelleborg is a global leader in engineered polymer solutions, leveraging materials and applications expertise to address complex market needs. The company operates in three main business areas: Trelleborg Industrial Solutions, Trelleborg Medical Solutions, and Trelleborg Sealing Solutions, with operations in around 40 countries and annual sales of approximately SEK 34 billion.

YTD Price Performance: -4.65%

Average Trading Volume: 442,553

Current Market Cap: SEK81.58B

For an in-depth examination of TREL.B stock, go to TipRanks’ Stock Analysis page.