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C&C Group Plc ( (GB:CCR) ) has shared an announcement.
C&C Group Plc has announced the repurchase of 62,569 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 1, 2025. This move is part of the company’s strategy to enhance shareholder value and optimize its capital structure, reflecting a proactive approach to managing its equity base.
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 Outperform.
The most significant factor contributing to the score is the company’s robust financial performance, particularly in cash flow management and debt control. The technical indicators suggest a positive trend, supporting a moderately bullish outlook. Despite the high P/E ratio, the attractive dividend yield provides a counterbalance. The ongoing share buyback program further enhances shareholder value and confidence.
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, known for producing and distributing a variety of alcoholic drinks. The company is primarily focused on the European market, with a significant presence on the London Stock Exchange.
Average Trading Volume: 846,200
Technical Sentiment Signal: Buy
Current Market Cap: £610.1M
For detailed information about CCR stock, go to TipRanks’ Stock Analysis page.