Barco rises after launching share buyback program

Barco NV

19/12/2023 10:12

** Shares in Barco  BAR.BR  hike as much as 5.2%, after the
Belgian tech firm launched a share buyback for up to two million
shares on Monday evening
** "The company wants to use the repurchased shares to replenish
the pool of own shares for future stock option plans," Barco
says
** The company adds it currently owns about 2.5% of its shares
** KBC says the program has no impact on its investment case,
reiterates its 25.7-euro price target and "buy" rating for the
stock
** Shares pare gains, up 3.8% to 16.5 euros at 1008 GMT
** Out of 7 analysts that cover Barco NV, six rate the stock
"strong buy" or "buy," ​one rates it "hold"







 (Reporting by Stéphanie Hamel)
 ((stephanie.hamel@thomsonreuters.com))