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Xero Limited Announces Cessation of Certain Securities

Story Highlights
  • Xero Limited operates in the technology industry, offering cloud-based accounting software.
  • The company announced the cessation of certain securities due to unsatisfied conditional rights.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Xero Limited Announces Cessation of Certain Securities

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Xero Limited ( (AU:XRO) ) has issued an announcement.

Xero Limited announced the cessation of certain securities, specifically restricted stock units, due to the lapse of conditional rights that were not satisfied. This cessation reflects adjustments in the company’s issued capital and may impact stakeholders by altering the distribution of securities within the company.

The most recent analyst rating on (AU:XRO) stock is a Buy with a A$170.00 price target. To see the full list of analyst forecasts on Xero Limited stock, see the AU:XRO Stock Forecast page.

More about Xero Limited

Xero Limited operates in the technology industry, primarily offering cloud-based accounting software for small and medium-sized businesses. The company focuses on providing financial management solutions to help businesses streamline their accounting processes.

Average Trading Volume: 446,868

Technical Sentiment Signal: Buy

Current Market Cap: A$27.87B

For a thorough assessment of XRO stock, go to TipRanks’ Stock Analysis page.

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