Pro Medicus Unlikely to Complete New Buyback in Full -- Market Talk

Dow Jones
Apr 07
 

2252 GMT - Pro Medicus this month signaled a willingness to buy back up to 10% of its shares on issue. Citi thinks it ultimately won't be that aggressive with stock purchases. "We do not expect the entire allowance (which would be A$1 billion-plus) to be executed and model A$150 million worth through end FY27," analyst Laura Sutcliffe says. Pro Medicus's share price is down some 64% since its July high. It ended trading before the Easter holiday period at A$118.84. Citi rates Pro Medicus at "buy" with a A$245.00/share price target. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

April 06, 2026 18:52 ET (22:52 GMT)

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