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Aurizon Holdings ( (AU:AZJ) ) has shared an announcement.
Aurizon Holdings Limited has announced an update on its ongoing on-market buy-back program, which involves the repurchase of its ordinary fully paid securities. As of the latest update, the company has bought back a total of 3,652,570 securities, with an additional 199,962 securities repurchased on the previous day. This buy-back initiative is part of Aurizon’s strategy to optimize its capital structure and return value to shareholders, potentially enhancing its market positioning and shareholder confidence.
The most recent analyst rating on (AU:AZJ) stock is a Sell with a A$3.08 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.
More about Aurizon Holdings
Aurizon Holdings Limited operates in the rail transport industry, primarily focusing on the transportation of coal, iron ore, and other bulk commodities across Australia. The company plays a significant role in the logistics and supply chain sector, providing essential services that support the mining and resources industries.
Average Trading Volume: 5,589,174
Technical Sentiment Signal: Buy
Current Market Cap: A$5.6B
See more insights into AZJ stock on TipRanks’ Stock Analysis page.