C&C Group Advances €15 Million Share Buyback Programme

The latest announcement is out from C&C Group Plc ( (GB:CCR) ).

C&C Group Plc has announced the repurchase of 74,212 of its ordinary shares on the London Stock Exchange as part of its ongoing Buyback Programme, which aims to buy back shares worth up to €15 million by September 2025. This move is part of C&C’s strategic efforts to manage its capital structure and potentially enhance shareholder value, reflecting a focus on financial optimization and market confidence.

The most recent analyst rating on (GB:CCR) stock is a Buy with a £1.80 price target. To see the full list of analyst forecasts on C&C Group Plc stock, see the GB:CCR Stock Forecast page.

Spark’s Take on GB:CCR Stock

According to Spark, TipRanks’ AI Analyst, GB:CCR is a Neutral.

C&C Group Plc’s overall stock score reflects significant financial challenges, particularly in terms of declining revenues and profitability. However, executive share purchases and a successful share buyback program indicate management confidence, which is a positive signal. The stock’s current valuation, with a high dividend yield, could provide some appeal despite negative technical indicators suggesting bearish momentum.

To see Spark’s full report on GB:CCR stock, click here.

More about C&C Group Plc

C&C Group Plc operates in the beverage industry, primarily focusing on the production and distribution of alcoholic drinks, including cider and beer. The company is known for its market presence in the UK and Ireland, with a strategic focus on expanding its brand portfolio and market reach.

Average Trading Volume: 1,063,430

Technical Sentiment Signal: Buy

Current Market Cap: £608.3M

For a thorough assessment of CCR stock, go to TipRanks’ Stock Analysis page.