Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
C&C Group Plc ( (GB:CCR) ) just unveiled an update.
C&C Group Plc has announced the purchase and cancellation of 105,312 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 1, 2025. This strategic move is intended to optimize the company’s capital structure and potentially enhance shareholder value by reducing the number of shares in circulation.
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 Outperform.
C&C Group Plc’s overall score is driven by strong technical indicators and a positive corporate event in the form of a share buyback program. Financial performance shows stability with room for improvement in profitability. The high P/E ratio suggests caution, but the attractive dividend yield provides a counterbalance.
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. The company is known for its cider and beer products, catering to markets in the UK, Ireland, and other international regions.
Average Trading Volume: 850,528
Technical Sentiment Signal: Buy
Current Market Cap: £645.8M
Find detailed analytics on CCR stock on TipRanks’ Stock Analysis page.