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C&C Group Plc ( (GB:CCR) ) has provided an announcement.
C&C Group Plc has announced the purchase and cancellation of 81,620 of its ordinary shares on the London Stock Exchange as part of its ongoing Buyback Programme, which aims to repurchase shares worth up to €15 million by September 2025. This strategic move is expected to enhance shareholder value and optimize the company’s capital structure, reflecting C&C’s commitment to delivering returns to its stakeholders.
The most recent analyst rating on (GB:CCR) stock is a Buy with a £1.65 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 portfolio of cider and beer brands, catering to a diverse market across various regions.
Average Trading Volume: 1,025,164
Technical Sentiment Signal: Buy
Current Market Cap: £629.8M
Learn more about CCR stock on TipRanks’ Stock Analysis page.