Character Group Executes Share Buyback Program

Character ( (GB:CCT) ) just unveiled an update.

Character Group PLC, a company involved in the toy and games industry, has announced the repurchase of 17,500 of its ordinary shares at a price of 243 pence each as part of its ongoing share buyback program. This transaction, executed through Panmure Liberum Limited, results in the cancellation of the repurchased shares, leaving the company with 1,983,059 shares in treasury and 18,250,499 shares in issue. The buyback is part of Character’s strategy to manage its capital structure and potentially enhance shareholder value.

Spark’s Take on GB:CCT Stock

According to Spark, TipRanks’ AI Analyst, GB:CCT is a Outperform.

Character Group scores well due to its strong financial health, attractive valuation, and strategic share buybacks. Stable financials and low leverage provide a solid foundation, while the stock’s undervaluation and high dividend yield enhance its appeal to investors. However, caution is advised due to technical analysis indicating downward trends and cash flow volatility.

To see Spark’s full report on GB:CCT stock, click here.

More about Character

Average Trading Volume: 25,634

Technical Sentiment Signal: Strong Sell

Current Market Cap: £44.39M

Find detailed analytics on CCT stock on TipRanks’ Stock Analysis page.