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Zip Co Ltd. ( (AU:ZIP) ) has issued an announcement.
Zip Co Limited, a company operating within the financial services industry, specializes in offering payment solutions, including digital payment options and buy-now-pay-later services, aimed at consumers and businesses. The company has completed an on-market buy-back of 34,907,277 ordinary fully paid shares for a total consideration of AUD 99.99 million, signaling a potential move to optimize capital allocation, enhance shareholder value, and strengthen its market presence.
The most recent analyst rating on (AU:ZIP) stock is a Hold with a A$3.00 price target. To see the full list of analyst forecasts on Zip Co Ltd. stock, see the AU:ZIP Stock Forecast page.
More about Zip Co Ltd.
Average Trading Volume: 14,788,950
Technical Sentiment Signal: Buy
Current Market Cap: A$3.75B
For a thorough assessment of ZIP stock, go to TipRanks’ Stock Analysis page.