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C&C Group Plc ( (GB:CCR) ) just unveiled an update.
C&C Group Plc has announced the repurchase of 120,817 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 intended to enhance shareholder value and optimize the company’s capital structure, reflecting a strong financial position and commitment to returning value to its stakeholders.
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 scores a 70, reflecting a cautiously optimistic outlook. The company’s financial recovery and strong technical momentum are key strengths, although high valuation metrics and slow revenue growth are concerns. The ongoing share buyback program positively impacts shareholder value and confidence.
To see Spark’s full report on GB:CCR stock, click here.
More about C&C Group Plc
C&C Group Plc is a prominent player in the beverage industry, primarily known for its production and distribution of cider, beer, and soft drinks. The company operates in various markets, focusing on delivering quality alcoholic and non-alcoholic beverages to consumers.
Average Trading Volume: 854,257
Technical Sentiment Signal: Buy
Current Market Cap: £675.2M
For a thorough assessment of CCR stock, go to TipRanks’ Stock Analysis page.