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C&C Group Plc ( (GB:CCR) ) has shared an announcement.
C&C Group Plc announced the repurchase of 95,103 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 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 is a company operating in the beverage industry, primarily known for producing and distributing alcoholic drinks. The company focuses on the European market, with its shares traded on the London Stock Exchange.
Average Trading Volume: 849,580
Technical Sentiment Signal: Buy
Current Market Cap: £614.1M
Learn more about CCR stock on TipRanks’ Stock Analysis page.