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C&C Group Plc ( (GB:CCR) ) has provided an update.
C&C Group Plc has announced the repurchase of 137,111 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 expected to optimize the company’s 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 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 operates 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: 996,019
Technical Sentiment Signal: Buy
Current Market Cap: £617.1M
For a thorough assessment of CCR stock, go to TipRanks’ Stock Analysis page.