McBride (LON:MCB) Declares Share Buyback Program

McBride (LON:MCB - Get Free Report) announced that its Board of Directors has initiated a stock buyback plan on Monday, December 1st, RTT News reports. The company plans to buyback 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.Analysts Set New Price TargetsSeparately, Peel Hunt restated a "buy" rating and issued a GBX 190 price target on shares of McBride in a report on Thursday, November 20th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of GBX 190.Get Our Latest Stock Report on McBrideMcBride Stock PerformanceLON MCB traded up GBX 0.60 during trading on Monday, hitting GBX 124.40. The company's stock had a trading volume of 2,849,547 shares, compared to its average volume of 429,858. The firm has a 50 day moving average price of GBX 120.70 and a 200 day moving average price of GBX 129.72. The company has a quick ratio of 0.54, a current ratio of 0.92 and a debt-to-equity ratio of 222.08. McBride has a 52 week low of GBX 96.62 and a 52 week high of GBX 162. The firm has a market cap of £217.96 million, a P/E ratio of 6.69, a price-to-earnings-growth ratio of -0.36 and a beta of 1.17. McBride (LON:MCB - Get Free Report) last posted its earnings results on Wednesday, September 17th. The company reported GBX 22.10 earnings per share for the quarter. McBride had a net margin of 3.56% and a return on equity of 62.24%. Equities research analysts forecast that McBride will post 19.2307692 earnings per share for the current fiscal year. About McBride Get Free Report)With trading roots dating back to 1927, McBride boasts a strong heritage. As the leading European manufacturer and supplier of private label and contract manufactured products for the domestic household and professional cleaning and hygiene markets, McBride offers end‑to‑end development and manufacturing capabilities to a wide range of customers in Europe and Asia Pacific.Recommended StoriesFive stocks we like better than McBrideHow to Use the MarketBeat Stock Screener Up Over 20% in 2025, These 3 Stocks Are Boosting Buyback CapacityInvesting In Preferred Stock vs. Common StockCongress Beat the Market Again—Here Are the 3 Stocks They BoughtEnergy and Oil Stocks ExplainedGo on a Shopping Spree With 3 Top Retail ETFsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in McBride Right Now?Before you consider McBride, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and McBride wasn't on the list.While McBride currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here