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C&C Group Plc ( (GB:CCR) ) just unveiled an update.
C&C Group Plc has announced the repurchase of 90,174 of its ordinary shares on the London Stock Exchange, as part of its ongoing Buyback Programme, which aims to buy back shares worth up to €15 million by September 2025. This strategic move is intended to enhance shareholder value and optimize the company’s capital structure, reflecting C&C’s commitment to returning value to its investors.
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 strong technical indicators and positive corporate actions, particularly the share buyback program, significantly boost its overall score. Despite a high P/E ratio indicating potential overvaluation, the attractive dividend yield provides some balance. The financial performance shows stability with signs of recovery, but the slow revenue growth tempers the outlook.
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 that operates in the beverage industry, primarily focusing on the production and distribution of alcoholic drinks. The company is known for its range of ciders and beers and has a significant market presence in the UK and Ireland.
Average Trading Volume: 850,371
Technical Sentiment Signal: Buy
Current Market Cap: £657.1M
For an in-depth examination of CCR stock, go to TipRanks’ Overview page.