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Cochlear ( (AU:COH) ) just unveiled an update.
Cochlear Limited has announced a daily update on its ongoing on-market buy-back program, with a total of 98,800 securities bought back before the previous day and an additional 500 securities acquired on the previous day. This buy-back initiative is part of Cochlear’s strategy to optimize its capital structure and potentially enhance shareholder value by reducing the number of outstanding shares.
The most recent analyst rating on (AU:COH) stock is a Hold with a A$320.00 price target. To see the full list of analyst forecasts on Cochlear stock, see the AU:COH Stock Forecast page.
More about Cochlear
Cochlear Limited operates in the medical device industry, specializing in the development and manufacturing of implantable hearing solutions. The company focuses on providing innovative hearing solutions to individuals with hearing loss, positioning itself as a leader in the auditory device market.
Average Trading Volume: 145,456
Technical Sentiment Signal: Buy
Current Market Cap: A$19.15B
Learn more about COH stock on TipRanks’ Stock Analysis page.