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An update from C&C Group Plc ( (GB:CCR) ) is now available.
C&C Group Plc announced the repurchase of 86,524 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 strategic move is expected 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 Neutral.
C&C Group Plc’s overall stock score reflects a cautiously optimistic outlook, driven by stable financial performance and a strong share buyback program. While the valuation metrics suggest potential overvaluation, the company’s operational efficiency improvements and positive market sentiment from corporate actions support a favorable view.
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. The company is focused on the UK and European markets, offering a range of cider, beer, and other alcoholic beverages.
Average Trading Volume: 848,631
Technical Sentiment Signal: Buy
Current Market Cap: £613.2M
See more insights into CCR stock on TipRanks’ Stock Analysis page.