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McBride ( (GB:MCB) ) has shared an update.
McBride plc has announced the purchase of 115,971 of its ordinary shares through Investec Bank plc as part of its ongoing share buyback program. This transaction, executed on the London Stock Exchange, will result in the cancellation of these shares, reducing the total number of voting rights to 178,097,149. The buyback is part of a non-discretionary agreement with the broker, aiming to optimize the company’s capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:MCB) stock is a Hold 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 Neutral.
McBride’s overall stock score reflects strong earnings call performance and attractive valuation. However, financial performance is hindered by high leverage and inconsistent revenue growth, while technical indicators suggest caution.
To see Spark’s full report on GB:MCB stock, click here.
More about McBride
Average Trading Volume: 461,622
Technical Sentiment Signal: Buy
Current Market Cap: £214.6M
For a thorough assessment of MCB stock, go to TipRanks’ Stock Analysis page.