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McBride ( (GB:MCB) ) just unveiled an update.
McBride plc has repurchased 3,171 of its 10p ordinary shares on the London Stock Exchange at a price of 145 pence per share as part of its existing share buyback programme conducted via Investec Bank. The repurchased shares will be cancelled, reducing the total number of voting ordinary shares in issue to 177,252,373 and leaving a small proportion (0.02%) of voting rights in treasury, a change that slightly adjusts shareholder voting denominators under UK disclosure rules while leaving the company’s non-voting B share capital unchanged.
The most recent analyst rating on (GB:MCB) stock is a Buy with a £138.00 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 Outperform.
McBride’s overall stock score is driven by strong corporate events and earnings call highlights, including strategic initiatives and dividend reinstatement. While financial performance shows areas for improvement, the attractive valuation and positive technical indicators support a favorable outlook.
To see Spark’s full report on GB:MCB stock, click here.
More about McBride
Average Trading Volume: 487,155
Technical Sentiment Signal: Strong Buy
Current Market Cap: £253.3M
For an in-depth examination of MCB stock, go to TipRanks’ Overview page.