McBride (LON:MCB) Board Initiates Stock Buyback Plan

McBride (LON:MCB) declared that its board has approved a stock buyback plan on Monday, December 1st, RTT News reports. The company plans to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Separately, Peel Hunt reaffirmed a “buy” rating and set a GBX 190 target price on shares of McBride in a research note on Thursday, November 20th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 190.

McBride Price Performance

Shares of MCB stock opened at GBX 121.60 on Wednesday. The company has a debt-to-equity ratio of 222.08, a current ratio of 0.92 and a quick ratio of 0.54. The company has a market capitalization of £213.05 million, a PE ratio of 6.54, a price-to-earnings-growth ratio of -0.36 and a beta of 1.17. The firm’s 50-day moving average is GBX 120.66 and its two-hundred day moving average is GBX 129.52. McBride has a 12 month low of GBX 96.62 and a 12 month high of GBX 162.

McBride (LON:MCB) last posted its quarterly 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%. Analysts predict that McBride will post 19.2307692 earnings per share for the current year.

McBride Company Profile

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.