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Austin Engineering ( (AU:ANG) ) has provided an announcement.
Austin Engineering Limited has announced an on-market share buy-back of up to 10% of its ordinary shares over the next 12 months, reflecting the company’s strong balance sheet and confidence in its long-term growth prospects. This initiative is seen as a strategic move to enhance shareholder returns and increase exposure to Austin’s business, which is well-positioned to deliver sustainable value in the future.
The most recent analyst rating on (AU:ANG) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Austin Engineering stock, see the AU:ANG Stock Forecast page.
More about Austin Engineering
Austin Engineering is a global engineering company that has been partnering with mining companies, contractors, and original equipment manufacturers for over 50 years. The company specializes in the design and manufacture of loading and hauling solutions, such as off-highway dump truck bodies, buckets, water tanks, and related attachments. Austin also offers repair and maintenance services and spare parts, supporting both open-cut and underground mining operations. Headquartered in Perth, Austin operates worldwide, including in Australia, USA, Chile, and Indonesia, serving major mining sites directly and through local partners.
Average Trading Volume: 3,656,409
Technical Sentiment Signal: Sell
Current Market Cap: A$180M
Find detailed analytics on ANG stock on TipRanks’ Stock Analysis page.