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An announcement from Webuild SpA ( (IT:WBD) ) is now available.
Webuild SpA announced the purchase of 360,867 of its own ordinary shares, representing 0.035% of its ordinary share capital, for a total value of €1.15 million. This move increases the company’s total treasury shares to 28,464,304, equating to 2.797% of its ordinary share capital. The share buyback plan is part of Webuild’s strategy to strengthen its market position and potentially enhance shareholder value. The acquisition reflects the company’s confidence in its financial health and future prospects, as it continues to focus on sustainable infrastructure projects worldwide.
The most recent analyst rating on (IT:WBD) stock is a Buy with a EUR4.40 price target. To see the full list of analyst forecasts on Webuild SpA stock, see the IT:WBD Stock Forecast page.
More about Webuild SpA
Webuild SpA is a global leader in constructing large complex infrastructures, focusing on sustainable mobility, hydroelectric energy, water management, and green building. The company operates in about 50 countries and has completed over 3,700 projects, including iconic works like the Grand Ethiopian Renaissance Dam and the Panama Canal expansion. With a workforce of approximately 95,000 people, Webuild is listed on the Milan Stock Exchange and is recognized for its commitment to the United Nations’ sustainable development goals.
YTD Price Performance: 14.14%
Average Trading Volume: 2,436,090
Technical Sentiment Signal: Buy
Current Market Cap: €3.18B
Learn more about WBD stock on TipRanks’ Stock Analysis page.