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C&C Group Plc ( (GB:CCR) ) has provided an update.
C&C Group Plc announced the repurchase of 132,716 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 demonstrating confidence in the company’s financial health.
The most recent analyst rating on (GB:CCR) stock is a Buy with a £197.00 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 Outperform.
C&C Group Plc’s overall stock score is driven by strong technical momentum and a positive corporate event strategy, particularly the share buyback program. While the financial performance shows stability and recovery, the high P/E ratio suggests caution. The attractive dividend yield provides a buffer against valuation concerns.
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, primarily focusing on the production and distribution of alcoholic drinks, including cider and beer. The company is known for its market presence in the UK and Ireland, where it distributes well-known brands.
Average Trading Volume: 898,385
Technical Sentiment Signal: Buy
Current Market Cap: £657.2M
For detailed information about CCR stock, go to TipRanks’ Stock Analysis page.