Capral Limited Updates on Buy-Back Program
Capral Limited (AU:CAA) has updated its on-market buy-back program, reporting the repurchase of 3,235 ordinary fully paid securities, totaling 579,330 securities bought back. This initiative aims to optimize capital structure and enhance shareholder value. The latest analyst rating for AU:CAA is a Hold with a price target of A$11.50. Capral operates in the manufacturing sector, focusing on aluminum products, with a current market cap of A$176.8M and an average trading volume of 17,134.
Capral Limited ( (AU:CAA) ) has provided an update.
Capral Limited has announced an update on its ongoing on-market buy-back program, reporting the repurchase of 3,235 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to 579,330. This buy-back initiative reflects Capral’s strategic efforts to optimize its capital structure and potentially enhance shareholder value, indicating a proactive approach in managing its financial resources.
The most recent analyst rating on (AU:CAA) stock is a Hold with a A$11.50 price target. To see the full list of analyst forecasts on Capral Limited stock, see the AU:CAA Stock Forecast page.
More about Capral Limited
Capral Limited operates in the manufacturing industry, primarily focusing on the production and distribution of aluminum products. The company is known for its extensive range of aluminum extrusions and systems, catering to various market segments including residential, commercial, and industrial sectors.
Average Trading Volume: 17,134
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$176.8M
Learn more about CAA stock on TipRanks’ Stock Analysis page.
