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An announcement from McBride ( (GB:MCB) ) is now available.
McBride plc has announced the launch of a share buyback programme, aiming to purchase up to £20 million worth of ordinary shares. The initiative, starting with a first tranche of £10 million, is structured in two phases involving Investec Bank plc and Peel Hunt LLP as brokers. The programme is designed to reduce the company’s share capital by returning surplus capital to shareholders, with shares purchased under the first tranche to be cancelled. The company will assess the programme’s progress in relation to its financial situation and capital allocation needs, with further strategy updates expected in February 2026.
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
McBride plc is a leading European manufacturer and supplier of private label and contract manufactured products for the domestic household and professional cleaning/hygiene markets.
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.