McBride Repurchases and Cancels 50,596 Shares Under Ongoing Buyback Programme

McBride ( (GB:MCB) ) has issued an announcement.

McBride plc has repurchased 50,596 of its 10 pence ordinary shares on the London Stock Exchange via Investec Bank plc as part of its existing share buyback programme, at prices between 143p and 145p and a volume-weighted average price of 143.9664p, and will cancel these shares. Following this transaction, McBride will have 177,134,446 ordinary shares in issue (excluding 42,041 held in treasury) and 594,610,458 non-voting B shares outstanding, setting the company’s total voting rights at 177,134,446, a key reference figure for investors assessing disclosure obligations under UK transparency rules.

The most recent analyst rating on (GB:MCB) stock is a Buy with a £162.00 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

McBride plc is a UK-listed company whose capital structure comprises ordinary shares and a large number of non-cumulative redeemable preference B shares, with only the ordinary shares carrying full voting rights at shareholder meetings. The company’s shares are traded on the London Stock Exchange, and it uses share buyback programmes as part of its capital management strategy, holding a small proportion of ordinary shares in treasury.

Average Trading Volume: 475,211

Technical Sentiment Signal: Strong Buy

Current Market Cap: £251.4M

See more insights into MCB stock on TipRanks’ Stock Analysis page.