Costain (GB:COST) has released an update.
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Costain Group PLC has repurchased 125,693 of its own shares at a weighted average price of 108.2454 pence each as part of its ongoing share buyback program. This move, executed through Investec, brings the total shares bought back to over 8.6 million, reducing the company’s total shares in issue to 269,791,761. Such buybacks can potentially enhance shareholder value by decreasing the number of shares available and improving earnings per share.
For further insights into GB:COST stock, check out TipRanks’ Stock Analysis page.