C&C Group Plc Advances Share Buyback Programme

C&C Group Plc ( (GB:CCR) ) has issued an announcement.

C&C Group Plc announced the repurchase of 120,698 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 strengthening the company’s market position.

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 stock score is primarily driven by its solid financial performance and positive technical indicators. The share buyback program is a significant positive factor, enhancing shareholder value and confidence. However, the high P/E ratio suggests potential overvaluation, which tempers the overall score.

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 primarily on the production and distribution of alcoholic drinks. The company is known for its wide range of cider and beer products, catering to markets across the UK and Ireland.

Average Trading Volume: 857,296

Technical Sentiment Signal: Buy

Current Market Cap: £651.2M

For an in-depth examination of CCR stock, go to TipRanks’ Overview page.