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Aurizon Holdings ( (AU:AZJ) ) has issued an announcement.
Aurizon Holdings Limited has announced an update on its ongoing on-market buy-back program, reporting the acquisition of 221,936 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to over 14 million. This buy-back initiative is part of the company’s strategy to optimize its capital structure and enhance shareholder value, reflecting its commitment to returning surplus capital to shareholders.
The most recent analyst rating on (AU:AZJ) stock is a Hold with a A$3.50 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 freight industry, providing transportation services primarily for coal, iron ore, and other bulk commodities across Australia. The company is a key player in the logistics and infrastructure sector, focusing on efficient and reliable freight services.
Average Trading Volume: 5,708,469
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$6.13B
See more insights into AZJ stock on TipRanks’ Stock Analysis page.