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An announcement from McBride ( (GB:MCB) ) is now available.
McBride plc, a company engaged in a share buyback program, announced the purchase and subsequent cancellation of 126,302 of its ordinary shares at prices ranging from 120.40 to 123.00 pence. This transaction, executed through Investec Bank plc, is part of McBride’s ongoing strategy to manage its share capital, resulting in a total of 177,850,021 voting rights in the company, which may impact shareholder calculations under the Disclosure and Transparency Rules.
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: 491,344
Technical Sentiment Signal: Strong Buy
Current Market Cap: £214.1M
Learn more about MCB stock on TipRanks’ Stock Analysis page.