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Brambles ( (AU:BXB) ) just unveiled an announcement.
Brambles Limited has announced the cessation of 203,696 ordinary fully paid securities as part of an on-market buy-back program. This move is likely to impact the company’s capital structure, potentially enhancing shareholder value and reflecting a strategic decision to optimize financial operations.
The most recent analyst rating on (AU:BXB) stock is a Buy with a A$16.60 price target. To see the full list of analyst forecasts on Brambles stock, see the AU:BXB Stock Forecast page.
More about Brambles
Brambles Limited operates in the logistics and supply chain industry, primarily focusing on providing pallet and container pooling services. The company is known for its extensive network and expertise in supply chain management, serving various sectors including consumer goods, automotive, and retail markets.
Average Trading Volume: 3,598,773
Technical Sentiment Signal: Buy
Current Market Cap: A$29.2B
For detailed information about BXB stock, go to TipRanks’ Stock Analysis page.