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OFX Group Ltd. ( (AU:OFX) ) just unveiled an announcement.
OFX Group Ltd. has announced the completion of its on-market buy-back program, repurchasing a total of 17,787,430 ordinary fully paid securities for a total consideration of AUD 27,857,531.13. This buy-back is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value, reflecting a commitment to returning capital to shareholders.
The most recent analyst rating on (AU:OFX) stock is a Buy with a A$2.60 price target. To see the full list of analyst forecasts on OFX Group Ltd. stock, see the AU:OFX Stock Forecast page.
More about OFX Group Ltd.
OFX Group Ltd. operates in the financial services industry, providing international money transfer and foreign exchange services. The company focuses on offering competitive exchange rates and efficient transfer solutions for individuals and businesses globally.
Average Trading Volume: 383,051
Technical Sentiment Signal: Sell
Current Market Cap: A$263.4M
For detailed information about OFX stock, go to TipRanks’ Stock Analysis page.