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An update from C&C Group Plc ( (GB:CCR) ) is now available.
C&C Group Plc has announced the repurchase of 64,051 of its ordinary shares on the London Stock Exchange as part of its buyback program, which aims to buy back shares worth up to €15 million by September 2025. This strategic move is expected to enhance shareholder value by reducing the number of shares in circulation, thereby potentially increasing earnings per share and improving 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 Outperform.
The overall score reflects strong technical momentum and positive corporate actions, partially offset by a high valuation and moderate financial performance. The company’s strategic buyback program and insider activities enhance shareholder value and reflect confidence in future prospects.
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 has a significant market presence in the UK and Ireland.
Average Trading Volume: 850,706
Technical Sentiment Signal: Buy
Current Market Cap: £676M
Find detailed analytics on CCR stock on TipRanks’ Stock Analysis page.