McBride (LON:MCB) to Buyback 0 Shares

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

McBride Stock Up 0.5%

McBride stock opened at GBX 124.40 on Tuesday. McBride has a 52 week low of GBX 96.62 and a 52 week high of GBX 162. The stock has a market cap of £217.96 million, a price-to-earnings ratio of 6.69, a PEG ratio of -0.36 and a beta of 1.17. The company’s 50-day moving average price is GBX 120.70 and its two-hundred day moving average price is GBX 129.72. The company has a current ratio of 0.92, a quick ratio of 0.54 and a debt-to-equity ratio of 222.08.

McBride (LON:MCB) last issued 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%. On average, analysts expect that McBride will post 19.2307692 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Peel Hunt reissued a “buy” rating and issued a GBX 190 target price on shares of McBride in a report on Thursday, November 20th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, McBride has a consensus rating of “Buy” and an average price target of GBX 190.

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.