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The latest announcement is out from Hongkong Land Holdings ( (GB:HKLD) ).
Hongkong Land Holdings Limited announced the repurchase of 222,000 of its ordinary shares at a weighted average price of US$6.7310 per share, with the highest and lowest prices paid being US$6.76 and US$6.69, respectively. The repurchase and cancellation of these shares are part of the company’s strategy to manage its capital structure effectively, potentially impacting shareholder value and market perception.
The most recent analyst rating on (GB:HKLD) stock is a Buy with a $7.20 price target. To see the full list of analyst forecasts on Hongkong Land Holdings stock, see the GB:HKLD Stock Forecast page.
More about Hongkong Land Holdings
Hongkong Land Holdings Limited is a major property investment, management, and development group with a significant presence in Asia. The company primarily focuses on premium commercial and residential properties, contributing to its strong market positioning in the region.
Average Trading Volume: 6,491
Technical Sentiment Signal: Buy
Current Market Cap: $14.7B
Find detailed analytics on HKLD stock on TipRanks’ Stock Analysis page.