C&C Group Plc Advances Share Buyback Programme with Recent Purchase

C&C Group Plc ( (GB:CCR) ) has issued an update.

C&C Group Plc has announced a transaction involving the repurchase of 91,200 of its ordinary shares on the London Stock Exchange as part of its ongoing Buyback Programme. This initiative, which aims to buy back shares worth up to €15 million by September 2025, is expected to enhance shareholder value by reducing the number of shares in circulation, thereby potentially increasing earnings per share.

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 operates 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 has a significant market presence in the UK and Ireland.

Average Trading Volume: 925,988

Technical Sentiment Signal: Buy

Current Market Cap: £579.8M

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