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CRH plc ( (CRH) ) has issued an update.
CRH plc, a leading player in the building materials industry, announced the acquisition and subsequent cancellation of a significant portion of its ordinary shares as part of a share buyback program. This strategic move, involving the redemption of shares worth up to $300 million by February 2025, aims to optimize the company’s capital structure and potentially enhance shareholder value by reducing the number of outstanding shares, thereby increasing earnings per share.
More about CRH plc
YTD Price Performance: 0.0%
Average Trading Volume: 626,823
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £50.2B
Learn more about CRH stock on TipRanks’ Stock Analysis page.
