Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Brambles ( (AU:BXB) ) has issued an update.
Brambles Limited has announced a daily update on its ongoing on-market buy-back program, revealing that a total of 2,770,132 securities have been bought back prior to the previous day, with an additional 170,678 securities purchased on the previous day. This buy-back initiative is a strategic move to manage the company’s capital structure and potentially enhance shareholder value, reflecting a proactive approach to financial management and market positioning.
The most recent analyst rating on (AU:BXB) stock is a Hold with a A$25.90 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 the management of reusable pallets, crates, and containers. The company is known for its extensive network and services that facilitate efficient supply chain operations across various markets.
Average Trading Volume: 3,539,129
Technical Sentiment Signal: Buy
Current Market Cap: A$33.72B
Find detailed analytics on BXB stock on TipRanks’ Stock Analysis page.