C&C Group Plc Advances Share Buyback Program

C&C Group Plc ( (GB:CCR) ) just unveiled an update.

C&C Group Plc announced the purchase and subsequent cancellation of 90,001 of its ordinary shares as part of its ongoing share buyback program, which aims to repurchase 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, potentially increasing the earnings per share and strengthening the company’s financial position.

The most recent analyst rating on (GB:CCR) stock is a Buy with a £2.00 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 in the beverage industry, focusing on the production and distribution of alcoholic and non-alcoholic drinks. The company is known for its cider and beer brands and has a significant market presence in the UK and Ireland.

Average Trading Volume: 1,055,238

Technical Sentiment Signal: Buy

Current Market Cap: £603.4M

Learn more about CCR stock on TipRanks’ Stock Analysis page.