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The latest update is out from CRH plc ( (CRH) ).
CRH plc has announced the acquisition and subsequent cancellation of its own shares as part of a share buyback program, with the aim of repurchasing up to $300 million worth of ordinary shares by February 2025. This strategic move is expected to consolidate the company’s market position and potentially enhance shareholder value by reducing the number of shares in circulation, thus increasing earnings per share.
More about CRH plc
CRH plc operates in the building materials industry, providing a wide range of construction products and services globally. The company focuses on supplying essential materials for infrastructure, commercial, and residential projects, positioning itself as a leader in the sector.
YTD Price Performance: 41.44%
Average Trading Volume: 682,883
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £51.34B
For an in-depth examination of CRH stock, go to TipRanks’ Stock Analysis page.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
