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RPMGlobal Holdings Ltd ( (AU:RUL) ) has issued an update.
RPMGlobal Holdings Limited 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 strategic move, facilitated by Veritas Securities Ltd, aims to optimize the company’s capital structure and potentially enhance shareholder value by reducing the number of shares in circulation.
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
Average Trading Volume: 387,234
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$638.4M
See more insights into RUL stock on TipRanks’ Stock Analysis page.