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C&C Group Plc ( (GB:CCR) ) has provided an announcement.
C&C Group Plc has announced a share buyback transaction, purchasing 82,345 of its ordinary shares on the London Stock Exchange. This move is part of a broader buyback program valued at up to €15 million, aimed at reducing the number of shares in circulation, which could potentially enhance shareholder value and improve the company’s financial metrics.
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 significant financial challenges, particularly in terms of declining revenues and profitability. However, executive share purchases and a successful share buyback program indicate management confidence, which is a positive signal. The stock’s current valuation, with a high dividend yield, could provide some appeal despite negative technical indicators suggesting bearish momentum.
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 involved in the production and distribution of alcoholic drinks. It is known for its focus on cider and beer products, catering to markets across Europe.
Average Trading Volume: 849,580
Technical Sentiment Signal: Buy
Current Market Cap: £614.1M
See more insights into CCR stock on TipRanks’ Stock Analysis page.