C&C Group Plc Initiates Share Buyback Program

The latest update is out from C&C Group Plc ( (GB:CCR) ).

C&C Group Plc has announced the purchase and cancellation of 74,378 of its ordinary shares on the London Stock Exchange as part of a buyback program valued at up to €15 million, set to run until September 2025. This strategic 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 £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 is a prominent player in the beverage industry, primarily known for producing and distributing alcoholic drinks, including cider and beer. The company operates in various markets, focusing on delivering high-quality beverages to consumers.

Average Trading Volume: 925,988

Technical Sentiment Signal: Hold

Current Market Cap: £579.8M

For a thorough assessment of CCR stock, go to TipRanks’ Stock Analysis page.