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An announcement from Worley Limited ( (AU:WOR) ) is now available.
Worley Limited announced an update on its ongoing on-market buy-back program, revealing that a total of 196,803 ordinary fully paid securities were bought back on the previous day, adding to the cumulative total of 20,194,318 securities repurchased. This buy-back initiative is part of the company’s strategy to optimize its capital structure and enhance shareholder value, reflecting a proactive approach in managing its financial resources.
The most recent analyst rating on (AU:WOR) stock is a Hold with a A$14.00 price target. To see the full list of analyst forecasts on Worley Limited stock, see the AU:WOR Stock Forecast page.
More about Worley Limited
Worley Limited operates in the engineering services industry, providing project delivery and consulting services to the resources and energy sectors. The company focuses on delivering solutions for complex projects in the hydrocarbons, mining, and infrastructure sectors.
YTD Price Performance: -1.16%
Average Trading Volume: 1,886,956
Technical Sentiment Signal: Sell
Current Market Cap: A$6.7B
Learn more about WOR stock on TipRanks’ Stock Analysis page.