Costain (GB:COST) has released an update.
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Costain Group PLC has repurchased 161,097 of its own shares on the London Stock Exchange as part of its ongoing share buyback program, with the shares set to be cancelled. This move is part of a broader strategy that has seen Costain buy back a total of 8,317,148 shares, reducing its total number of shares in issue to 270,167,889. Investors may see this as a positive step towards increasing shareholder value and improving the company’s financial metrics.
For further insights into GB:COST stock, check out TipRanks’ Stock Analysis page.
