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C&C Group Plc ( (GB:CCR) ) has provided an update.
C&C Group Plc announced the repurchase of 113,981 of its ordinary shares on the London Stock Exchange as part of a buyback program aimed at purchasing shares worth up to €15 million by September 2025. This move is part of the company’s strategic financial management to optimize its capital structure, potentially enhancing shareholder value and demonstrating confidence in its market position.
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 operates in the beverage industry, focusing on the production and distribution of alcoholic drinks. The company is known for its cider and beer products and has a significant presence in the UK and Ireland markets.
Average Trading Volume: 865,237
Technical Sentiment Signal: Buy
Current Market Cap: £613.8M
For an in-depth examination of CCR stock, go to TipRanks’ Overview page.