Costain (GB:COST) has released an update.
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Costain Group PLC has continued its share buyback program, purchasing 55,424 of its ordinary shares on the London Stock Exchange at an average price of 105.1722 pence per share. This latest acquisition brings the total number of shares purchased for cancellation to 8,567,583, reducing its issued share capital to 269,917,454. Such moves often aim to enhance shareholder value by boosting earnings per share and can indicate confidence in the company’s future prospects.
For further insights into GB:COST stock, check out TipRanks’ Stock Analysis page.