C&C Group Plc Advances Share Buyback Programme

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

C&C Group Plc has announced the repurchase of 131,451 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 move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of shares in circulation.

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 overall stock score is driven by strong corporate actions like the share buyback program, which enhances shareholder value. Technical indicators show a positive trend, supporting the stock’s momentum. However, the high P/E ratio suggests caution regarding valuation, despite a healthy dividend yield. Financial performance indicates stability but highlights the need for improved profitability.

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 operating in the beverage industry, primarily 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 presence in the UK and Irish markets.

Average Trading Volume: 874,945

Technical Sentiment Signal: Buy

Current Market Cap: £647.1M

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