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C&C Group Plc ( (GB:CCR) ) has provided an update.
C&C Group Plc has announced the repurchase of 80,155 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 transaction is part of the company’s strategic financial management to enhance shareholder value, with the purchased shares set to be cancelled, reducing the total number of shares in circulation.
The most recent analyst rating on (GB:CCR) stock is a Buy with a £197.00 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 momentum and a positive corporate event strategy, particularly the share buyback program. While the financial performance shows stability and recovery, the high P/E ratio suggests caution. The attractive dividend yield provides a buffer against valuation concerns.
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 cider and beer products and has a significant market presence in the UK and Ireland.
Average Trading Volume: 916,247
Technical Sentiment Signal: Buy
Current Market Cap: £643.6M
Learn more about CCR stock on TipRanks’ Stock Analysis page.