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Canal+ ( (GB:CAN) ) has issued an announcement.
CANAL+ has repurchased 14,908 of its ordinary shares as part of its Share Buyback Programme, which aims to satisfy share awards to employees and corporate officers. This move, executed through the broker Natixis, reflects the company’s strategic financial management and commitment to its incentive plans, potentially enhancing shareholder value and reinforcing its market position.
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. It operates across the entire audio-visual value chain, including production, broadcast, distribution, and aggregation. The company owns STUDIOCANAL, Dailymotion, CANAL+ Distribution, and telecommunication services through GVA and CANAL+ Telecom. CANAL+ has significant equity stakes in Viaplay and Viu, and recently confirmed control over MultiChoice Group, Africa’s leading entertainment platform, expanding its global reach to 40 million subscribers across over 70 countries.
Average Trading Volume: 955,878
Technical Sentiment Signal: Strong Buy
Current Market Cap: £2.42B
For a thorough assessment of CAN stock, go to TipRanks’ Stock Analysis page.