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The latest update is out from Brambles ( (AU:BXB) ).
Brambles Limited has announced an update on its ongoing share buy-back program, revealing that it bought back 568,772 ordinary fully paid securities on the previous day, adding to the total of 2,075,996 securities bought back before that day. This buy-back initiative is part of Brambles’ strategy to optimize its capital structure and enhance shareholder value, reflecting its strong financial position and commitment to returning capital to shareholders.
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 providing pallet and container pooling services. The company is known for its sustainable and efficient supply chain solutions, serving a wide range of industries globally.
YTD Price Performance: 31.77%
Average Trading Volume: 3,617,802
Technical Sentiment Signal: Buy
Current Market Cap: A$33.69B
Learn more about BXB stock on TipRanks’ Stock Analysis page.