Financial analysts at Citi have increased their price target on Australia’s Computershare (ASX:CPU) to A$27.20 per share, up from A$25.90.

Computershare shares have seen a significant rise, increasing as much as 2.6% to A$24.73.

If trends maintain, this could be the highest gain since July 19.

In addition, the company announced a significant share buyback of A$750 million to shareholders on Tuesday.

The brokerage regards this buyback as an incentive for investors.

Despite this, Computershare has retained its ‘buy’ rating from Citi, which continues to distinguish it from most diversified financial sector companies.

However, it should be noted that Computershare’s stock has decreased by 8% this year, as of the last closing.

Computershare is a major finance company based in Australia.