Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The latest update is out from McBride ( (GB:MCB) ).
McBride plc has repurchased 88,392 ordinary shares of 10 pence each on the London Stock Exchange as part of its existing share buyback programme, at a volume-weighted average price of 138.35 pence. The shares, acquired through Peel Hunt LLP under a non-discretionary agreement, will be cancelled, reducing the number of ordinary shares in issue.
Following cancellation, McBride will have 175,988,181 ordinary shares in issue and 42,041 ordinary shares held in treasury, while 594,610,458 non-voting B shares will remain outstanding. The total number of voting rights will stand at 175,988,181, a figure shareholders must now use for regulatory disclosure thresholds, with treasury shares representing just 0.02% of voting rights.
The most recent analyst rating on (GB:MCB) stock is a Hold with a £148.00 price target. To see the full list of analyst forecasts on McBride stock, see the GB:MCB Stock Forecast page.
Spark’s Take on MCB Stock
According to Spark, TipRanks’ AI Analyst, MCB is a Neutral.
The score is led by steady but imperfect financial performance (low net margins, inconsistent revenue, and high leverage offsetting better cash flow), tempered by neutral near-term technical momentum. Valuation is a clear positive with a low P/E and dividend support, and the latest earnings call reinforced a broadly positive outlook with strong cash generation despite manageable SAP and FX-related headwinds.
To see Spark’s full report on MCB stock, click here.
More about McBride
McBride plc is a London-listed company that issues ordinary and non-cumulative redeemable preference shares to investors. Its capital structure includes ordinary shares with full voting rights and B shares that do not carry voting rights except in a winding-up scenario, reflecting a differentiated approach to shareholder participation.
Average Trading Volume: 362,018
Technical Sentiment Signal: Strong Buy
Current Market Cap: £230.1M
For an in-depth examination of MCB stock, go to TipRanks’ Overview page.