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The latest update is out from C&C Group Plc ( (GB:CCR) ).
C&C Group Plc has announced the repurchase of 103,339 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 move is expected to impact the company’s share capital structure by reducing the number of shares in issue, potentially enhancing shareholder value and reflecting confidence in the company’s financial position.
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 stock score is driven by strong technical indicators and positive corporate events, particularly the share buyback program. While the financial performance shows stability, the high P/E ratio suggests potential overvaluation. The attractive dividend yield provides a counterbalance, offering income to investors.
To see Spark’s full report on GB:CCR stock, click here.
More about C&C Group Plc
C&C Group Plc is a company operating in the beverage industry, primarily known for producing and distributing alcoholic drinks, including cider and beer. The company focuses on markets in the UK and Ireland, leveraging its established brands and distribution networks.
Average Trading Volume: 850,528
Technical Sentiment Signal: Buy
Current Market Cap: £645.8M
See more insights into CCR stock on TipRanks’ Stock Analysis page.