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CRH plc Advances Share Buyback Program with Significant Purchases

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CRH plc Advances Share Buyback Program with Significant Purchases

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The latest announcement is out from CRH plc ( (CRH) ).

CRH plc, a leading building materials company, has undertaken a share buyback program as part of its strategy to enhance shareholder value. The company purchased and canceled a total of 41,000 of its ordinary shares in the United States through its broker, Mizuho Securities USA LLC, with the goal of acquiring up to $300 million worth of shares by February 2025. This move is aligned with CRH’s previously announced capital allocation policy and is expected to optimize its capital structure, potentially impacting its market positioning and shareholder returns.

More about CRH plc

YTD Price Performance: 12.87%

Average Trading Volume: 377,006

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £57.48B

Learn more about CRH stock on TipRanks’ Stock Analysis page.

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