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The latest announcement is out from McBride ( (GB:MCB) ).
McBride plc has repurchased 16,874 of its 10p ordinary shares on the London Stock Exchange through Investec Bank at prices between 141.20p and 144.40p, as part of its ongoing share buyback programme established under a non-discretionary agreement with the broker. The repurchased shares will be cancelled, reducing the number of ordinary shares in issue to 177,059,715 and setting the company’s total voting rights at the same level, a change relevant for shareholders’ disclosure obligations under UK transparency rules, while treasury shares remain minimal at 0.02% of voting rights and preference B shares continue to carry no voting rights in normal circumstances.
The most recent analyst rating on (GB:MCB) stock is a Buy with a £158.00 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: 486,512
Technical Sentiment Signal: Strong Buy
Current Market Cap: £246.9M
For an in-depth examination of MCB stock, go to TipRanks’ Overview page.