C&C Group Plc Advances Share Buyback Programme

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

C&C Group Plc announced the repurchase of 46,160 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 move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.

The most recent analyst rating on (GB:CCR) stock is a Buy with a £2.00 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 Neutral.

C&C Group Plc’s overall stock score reflects significant financial challenges, particularly in terms of declining revenues and profitability. However, executive share purchases and a successful share buyback program indicate management confidence, which is a positive signal. The stock’s current valuation, with a high dividend yield, could provide some appeal despite negative technical indicators suggesting bearish momentum.

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 drinks. The company is known for its cider and beer products and operates in various markets, including the UK and Ireland.

Average Trading Volume: 1,068,351

Technical Sentiment Signal: Buy

Current Market Cap: £628.1M

Learn more about CCR stock on TipRanks’ Stock Analysis page.