Costain (GB:COST) has released an update.
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Costain Group PLC has announced the purchase of 188,259 of its own shares as part of its ongoing share buyback program, with the shares bought at an average price of 107.3448 pence. This move is part of the company’s strategy to reduce the number of shares in circulation, now totaling 270,409,180. Such buybacks are often viewed positively by investors as they can lead to higher earnings per share and demonstrate company confidence in its own financial stability.
For further insights into GB:COST stock, check out TipRanks’ Stock Analysis page.
