Glanbia (CDI) (GLB)

Sector:

Food

  12.00
   
  • Change Today:
     0.00
  • 52 Week High:  15.2
  • 52 Week Low:  9.8
  • Currency: Euro
  • Shares Issued: 287.79m
  • Volume: 8,755
  • Market Cap:  3,453.43m
  • RiskGrade: 168
  • Beta: 0.38

Glanbia launches share buyback

By Iain Gilbert

Date: Thursday 29 Oct 2020

LONDON (ShareCast) - (Sharecast News) - Nutrition group Glanbia said on Thursday that year-to-date wholly-owned revenues and cash flows had improved despite the Covid-19 pandemic, leading it to launch a share buyback.
Glanbia said wholly-owned revenues were up 1.0% on a reported basis and 3.1% year-on-year on a like-for-like basis.

The London-listed firm stated that in the third quarter, trends in Glanbia Performance Nutrition had improved "significantly" - with an increase in revenues and margins versus the second quarter as markets gradually reopened and trading patterns improved.

As a result of the strong showing and cash flows in the business, Glanbia announced its intention to launch a share buyback programme of up to €50.0m. It expects to commence the share repurchase programme in November.

In terms of Covid-19 interruptions, Glanbia highlighted that all strategic projects across the group were now on track and added that a refinancing of its key finance facilities was recently agreed, further improving its financial position.

As of 1305 GMT, Glanbia shares were up 8.74% at €8.45 each.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Glanbia (CDI) Market Data

Currency Euro
Share Price   12.00
Change Today   0.00
% Change 0.00 %
52 Week High  15.2
52 Week Low  9.8
Volume 8,755
Shares Issued 287.79m
Market Cap  3,453.43m
Beta 0.38
RiskGrade 168

Glanbia (CDI) Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
85.14% below the market average85.14% below the market average85.14% below the market average85.14% below the market average85.14% below the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average
Price Trend
25.27% above the market average25.27% above the market average25.27% above the market average25.27% above the market average25.27% above the market average
13.33% below the sector average13.33% below the sector average13.33% below the sector average13.33% below the sector average13.33% below the sector average
Income
84.03% below the market average84.03% below the market average84.03% below the market average84.03% below the market average84.03% below the market average
25% below the sector average25% below the sector average25% below the sector average25% below the sector average25% below the sector average
Growth
30.28% below the market average30.28% below the market average30.28% below the market average30.28% below the market average30.28% below the market average
51.72% below the sector average51.72% below the sector average51.72% below the sector average51.72% below the sector average51.72% below the sector average

What The Brokers Say

Strong Buy 6
Buy 0
Neutral 4
Sell 0
Strong Sell 0
Total 10
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Glanbia (CDI) Dividends

  Latest Previous
  Interim Final
Ex-Div 19-Aug-21 25-Mar-21
Paid 01-Oct-21 07-May-21
Amount 11.75¢ 15.94¢

Trades for 03-Dec-2021

Time Volume / Share Price
10:50 312 @  11.74
10:49 327 @  11.74
10:49 327 @  11.74
10:48 1 @  12.10
10:22 452 @  11.74

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