Costain (GB:COST) has released an update.
Costain Group PLC has continued its share buyback program by purchasing 584,364 of its ordinary shares for cancellation, as part of a previously announced initiative to enhance shareholder value. The total number of shares acquired for cancellation under this program has now reached 4,169,067, reducing the total number of shares in issue to 274,296,962. This strategic move is expected to have a positive impact on the company’s stock performance by potentially increasing the value of remaining shares.
For further insights into GB:COST stock, check out TipRanks’ Stock Analysis page.
