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The latest update is out from McBride ( (GB:MCB) ).
McBride plc has repurchased 26,376 of its 10 pence ordinary shares on the London Stock Exchange via Investec Bank plc as part of its ongoing share buyback programme, at prices between 144.60p and 145.00p and a volume-weighted average price of 144.9394p. The company intends to cancel these shares, which will reduce the number of ordinary shares in issue to 177,255,544 (excluding 42,041 shares held in treasury) and set the total voting rights at the same figure, a reference point shareholders can use for regulatory disclosure thresholds; the move marginally adjusts McBride’s capital and voting structure while leaving its substantial non-voting B Share issuance 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
McBride plc is a UK-listed company with a capital structure comprising ordinary shares and a large class of non-cumulative redeemable preference shares (B Shares), which do not carry voting rights except in limited winding-up scenarios. The company’s equity structure and active management of its ordinary share capital reflect a focus on optimising its shareholder base and voting rights profile in the London market.
Average Trading Volume: 491,670
Technical Sentiment Signal: Strong Buy
Current Market Cap: £251.6M
For an in-depth examination of MCB stock, go to TipRanks’ Overview page.