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C&C Group Plc ( (GB:CCR) ) just unveiled an announcement.
C&C Group Plc announced a share buyback transaction, purchasing 138,108 of its ordinary shares on the London Stock Exchange at an average price of 178.50p per share. This transaction is part of a broader buyback program aimed at repurchasing shares worth up to €15 million by September 2025, reflecting 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 score is driven by strong corporate actions, particularly the share buyback program, which enhances shareholder value. The technical indicators show a bullish trend, supporting a positive outlook. However, the high P/E ratio suggests potential overvaluation, which is a concern despite the attractive dividend yield. Financial performance indicates recovery and stability, but there is room for improvement in profitability ratios.
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, primarily focusing on the production and distribution of alcoholic drinks. The company is known for its cider and beer products and holds a significant market presence in the UK and Ireland.
Average Trading Volume: 872,027
Technical Sentiment Signal: Buy
Current Market Cap: £660.4M
Find detailed analytics on CCR stock on TipRanks’ Stock Analysis page.