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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 122,154 of its ordinary shares on the London Stock Exchange at a volume-weighted average price of 165.40p. This transaction is part of a larger buyback program valued at up to €15 million, aimed at reducing the number of shares in circulation, potentially enhancing shareholder value and improving earnings per share.
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 operates within the beverage industry, focusing on the production and distribution of alcoholic drinks, including cider and beer. The company is known for its strong market presence in the UK and Ireland, catering to a broad consumer base with a variety of popular brands.
Average Trading Volume: 1,025,164
Technical Sentiment Signal: Buy
Current Market Cap: £629.8M
For detailed information about CCR stock, go to TipRanks’ Stock Analysis page.