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An announcement from Trelleborg AB ( ($SE:TREL.B) ) is now available.
Trelleborg AB has repurchased 120,000 series B shares as part of a buyback program aimed at optimizing the company’s capital structure and enhancing shareholder value. The buyback, which is compliant with EU regulations, is part of a larger program to repurchase up to 7.5 million shares, with the intention of canceling the repurchased shares to further contribute to shareholder value, except those allocated for an incentive program.
The most recent analyst rating on ($SE:TREL.B) stock is a Hold with a SEK397.00 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 offer a diverse portfolio for complex applications. The company operates through three business areas: Trelleborg Industrial Solutions, Trelleborg Medical Solutions, and Trelleborg Sealing Solutions, with operations in around 40 countries and reported annual sales of approximately SEK 34 billion in 2024. Trelleborg’s shares are listed on Nasdaq Stockholm, Large Cap.
YTD Price Performance: -4.90%
Average Trading Volume: 290,282
Technical Sentiment Signal: Hold
Current Market Cap: SEK77.78B
Learn more about TREL.B stock on TipRanks’ Stock Analysis page.