McBride Continues Share Buyback, Trims Ordinary Share Capital

McBride ( (GB:MCB) ) has provided an announcement.

McBride plc has bought back 7,852 of its 10 pence ordinary shares at a price of 145 pence per share as part of its ongoing share repurchase programme conducted through Investec Bank, with the shares to be cancelled. Following this transaction, McBride will have 177,035,346 ordinary shares in issue (excluding treasury shares), will hold 42,041 ordinary shares in treasury, and will maintain 594,610,458 non-voting B Shares, resulting in a total of 177,035,346 voting rights, a minor adjustment that affects shareholder disclosure thresholds but leaves treasury-held voting rights at just 0.02%.

The most recent analyst rating on (GB:MCB) stock is a Buy with a £163.00 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 that issues ordinary shares and non-cumulative redeemable preference shares (B Shares) traded on the London Stock Exchange, with its capital structure subject to ongoing active management, including share buyback programmes. The company’s B Shares do not carry standard voting rights and are primarily a capital management instrument, while ordinary shares determine voting control for shareholders under UK Disclosure and Transparency Rules.

Average Trading Volume: 447,745

Technical Sentiment Signal: Strong Buy

Current Market Cap: £252.6M

See more insights into MCB stock on TipRanks’ Stock Analysis page.