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Canal+ ( (GB:CAN) ) has shared an update.
CANAL+ S.A. announced the purchase of 17,118 of its ordinary shares as part of its Share Buyback Programme, which aims to satisfy share awards to employees and corporate officers. This strategic move is part of a broader initiative to optimize shareholder value and enhance the company’s financial flexibility. The buyback, executed through Natixis, reflects CANAL+’s commitment to maintaining a robust capital management strategy, potentially impacting its market positioning by reinforcing investor confidence.
The most recent analyst rating on (GB:CAN) stock is a Hold with a £259.00 price target. To see the full list of analyst forecasts on Canal+ stock, see the GB:CAN Stock Forecast page.
Spark’s Take on GB:CAN Stock
According to Spark, TipRanks’ AI Analyst, GB:CAN is a Neutral.
Canal+ has strong revenue growth and positive technical momentum, but these are offset by significant challenges in profitability and valuation. The negative P/E ratio and low dividend yield are major concerns, limiting the stock’s attractiveness.
To see Spark’s full report on GB:CAN stock, click here.
More about Canal+
CANAL+ is a global media and entertainment company that originated as a French subscription-TV channel 40 years ago. It operates across the entire audio-visual value chain, including production, broadcast, distribution, and aggregation. The company is home to STUDIOCANAL, Dailymotion, and CANAL+ Distribution, and offers telecommunication services through GVA and CANAL+ Telecom. CANAL+ has significant equity stakes in Viaplay and Viu, and recently confirmed control over MultiChoice Group, expanding its reach to 40 million subscribers worldwide.
Average Trading Volume: 931,704
Technical Sentiment Signal: Strong Buy
Current Market Cap: £2.43B
See more data about CAN stock on TipRanks’ Stock Analysis page.