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McBride ( (GB:MCB) ) has provided an update.
McBride plc has announced the purchase and subsequent cancellation of 111,367 of its ordinary shares as part of its ongoing share buyback program. This transaction, conducted through Investec Bank plc, will reduce the total number of voting rights in the company to 178,406,495, potentially impacting shareholder calculations under the Disclosure and Transparency Rules.
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: 440,906
Technical Sentiment Signal: Strong Buy
Current Market Cap: £216.3M
For an in-depth examination of MCB stock, go to TipRanks’ Overview page.