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McBride ( (GB:MCB) ) has shared an update.
McBride plc has announced a £20 million share buyback program, reflecting the Board’s belief that the company’s current market capitalization significantly undervalues its true worth. The company continues to perform well financially, with expectations of stable profitability for the third consecutive year. The successful implementation of the SAP S/4 Hana ERP system at key locations and the extension of a €175 million sustainability-linked credit facility further strengthen McBride’s operational and financial position. The Board’s strategy aims to enhance shareholder value, with plans to expand the buyback authorization if the undervaluation persists.
The most recent analyst rating on (GB:MCB) stock is a Hold with a £127.00 price target. To see the full list of analyst forecasts on McBride stock, see the GB:MCB Stock Forecast page.
Spark’s Take on GB:MCB Stock
According to Spark, TipRanks’ AI Analyst, GB:MCB is a Neutral.
McBride’s overall stock score reflects a stable financial position with strong earnings call highlights, including EBITDA improvements and dividend reinstatement. However, technical analysis shows bearish trends, and high leverage remains a concern.
To see Spark’s full report on GB:MCB stock, click here.
More about McBride
McBride plc is a leading European manufacturer and supplier specializing in private label and contract manufactured products for the domestic household and professional cleaning/hygiene markets.
Average Trading Volume: 408,158
Technical Sentiment Signal: Hold
Current Market Cap: £196.4M
See more insights into MCB stock on TipRanks’ Stock Analysis page.