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RPMGlobal Holdings Ltd ( (AU:RUL) ) has provided an update.
RPMGlobal Holdings Ltd has announced a daily on-market buy-back of its ordinary fully paid securities, with a maximum of 34,050,000 shares to be repurchased. This move is likely aimed at optimizing the company’s capital structure and potentially enhancing shareholder value by reducing the number of outstanding shares, which can positively impact earnings per share.
The most recent analyst rating on (AU:RUL) stock is a Buy with a A$2.90 price target. To see the full list of analyst forecasts on RPMGlobal Holdings Ltd stock, see the AU:RUL Stock Forecast page.
More about RPMGlobal Holdings Ltd
RPMGlobal Holdings Ltd operates in the software industry, focusing on providing enterprise solutions for mining operations. The company specializes in software that aids in the planning, scheduling, and management of mining operations, catering to a global market with a focus on enhancing operational efficiency and productivity.
Average Trading Volume: 394,103
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$640.6M
See more insights into RUL stock on TipRanks’ Stock Analysis page.