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C&C Group Plc ( (GB:CCR) ) has issued an update.
C&C Group Plc announced a transaction involving Barry Sheehan, the Chief Commercial Officer, who purchased shares through the company’s Irish administered Revenue Approved Profit-Sharing Scheme. This transaction, conducted on the London Stock Exchange, reflects the company’s commitment to employee investment and engagement, potentially enhancing stakeholder confidence in its managerial practices.
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 is a prominent player in the beverage industry, known for its production and distribution of alcoholic and non-alcoholic drinks. The company focuses on leveraging its market presence in Ireland and the UK, providing a variety of products to meet diverse consumer preferences.
Average Trading Volume: 996,019
Technical Sentiment Signal: Buy
Current Market Cap: £617.1M
Find detailed analytics on CCR stock on TipRanks’ Stock Analysis page.