-- OBIC (TYO:4684) said it will repurchase up to 50 billion yen of shares and cancel part of its treasury stock to improve capital efficiency, according to a Tuesday filing on the Tokyo Stock Exchange.
The buyback will cover up to 10 million shares, or 2.3% of outstanding stock, through market purchases between April 22 and March 31, 2027.
The company also plans to cancel 16 million shares, equivalent to 3.2% of shares outstanding, in two phases ending March 2027.
Sadif Investment Analytics on Monday upgraded lender Saudi Awwal Bank (SASE:1060) to buy from hold and increased its price target to 36.85 Saudi riyals from 33.01 riyals.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Renta4 on Tuesday downgraded energy infrastructure company Enagás (ENG.MC) to hold from outperform and maintained its price target at 17.80 euros.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)