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Greencore ( (GB:GNC) ) has provided an announcement.
Greencore Group PLC announced the repurchase of 130,000 ordinary shares on the London Stock Exchange as part of a £10 million share buyback program. This strategic move, which includes purchasing a total of 1,226,650 shares to date, aims to enhance shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and signaling confidence in the company’s financial position.
More about Greencore
Greencore Group PLC operates in the convenience food sector, primarily focusing on the production and supply of fresh prepared foods. The company is known for its wide range of products, including sandwiches, salads, and ready meals, targeting the UK and Irish markets.
YTD Price Performance: 110.47%
Average Trading Volume: 1,462,960
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £885.4M
For detailed information about GNC stock, go to TipRanks’ Stock Analysis page.
