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C&C Group Plc ( (GB:CCR) ) has provided an announcement.
C&C Group Plc has announced a transaction involving the purchase and cancellation of 79,618 of its ordinary shares on the London Stock Exchange as part of its ongoing share buyback program. This initiative, which aims to repurchase shares worth up to €15 million by September 2025, reflects the company’s strategy to enhance shareholder value and optimize its capital structure.
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 stock is supported by strong technical momentum and positive corporate events, particularly the share buyback program. However, the high P/E ratio and modest financial performance highlight potential risks.
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, focusing on the production and distribution of alcoholic drinks. The company is known for its range of cider and beer products, catering primarily to markets in the UK and Ireland.
Average Trading Volume: 857,620
Technical Sentiment Signal: Buy
Current Market Cap: £629.5M
For detailed information about CCR stock, go to TipRanks’ Stock Analysis page.