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The latest update is out from Boom Logistics Ltd ( (AU:BOL) ).
Boom Logistics Ltd has announced an update regarding its ongoing on-market buy-back program. As of the latest notification, the company has repurchased a total of 2,120,980 ordinary fully paid securities, reflecting its commitment to enhancing shareholder value. This buy-back initiative is part of Boom Logistics’ strategy to optimize its capital structure and improve financial metrics, potentially impacting its market positioning and stakeholder interests positively.
The most recent analyst rating on (AU:BOL) stock is a Buy with a A$2.13 price target. To see the full list of analyst forecasts on Boom Logistics Ltd stock, see the AU:BOL Stock Forecast page.
More about Boom Logistics Ltd
Boom Logistics Ltd operates in the logistics industry, focusing on providing crane logistics and lifting solutions. The company is known for its services in the Australian market, catering to various sectors requiring heavy lifting and transportation.
YTD Price Performance: 4.49%
Average Trading Volume: 51,180
Technical Sentiment Signal: Buy
Current Market Cap: A$58.61M
See more insights into BOL stock on TipRanks’ Stock Analysis page.