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C&C Group Plc ( (GB:CCR) ) has provided an update.
C&C Group Plc has announced the repurchase of 100,183 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 1, 2025. This strategic move is expected to enhance shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and signaling confidence in the company’s financial health.
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 stock is rated positively due to strong technical indicators and active share buyback initiatives, which reflect management’s confidence in the company. The financial performance shows stability and recovery, though profitability metrics are still below optimal levels. High P/E ratio suggests overvaluation, which is a key risk.
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 involved in the beverage industry, primarily focusing on the production and distribution of alcoholic drinks. The company operates in various markets, leveraging its portfolio of well-known brands to maintain a strong presence in the sector.
Average Trading Volume: 847,833
Technical Sentiment Signal: Buy
Current Market Cap: £658.7M
See more data about CCR stock on TipRanks’ Stock Analysis page.