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Character ( (GB:CCT) ) has issued an announcement.
Character Group PLC has executed a share buyback, purchasing 9,000 of its ordinary shares at a price of 318 pence each as part of its ongoing share buyback programme. This transaction reduces the number of shares in circulation, potentially increasing the value of remaining shares and impacting shareholder voting rights, as the total voting rights now stand at 18,045,899.
The most recent analyst rating on (GB:CCT) stock is a Hold with a £320.00 price target. To see the full list of analyst forecasts on Character stock, see the GB:CCT Stock Forecast page.
Spark’s Take on GB:CCT Stock
According to Spark, TipRanks’ AI Analyst, GB:CCT is a Neutral.
Character Group’s stock is supported by solid financial performance and strategic corporate actions like share buybacks, which enhance shareholder value. The technical indicators show strong upward momentum, although caution is warranted due to overbought signals. The valuation is attractive, but the unusually high dividend yield requires further investigation. Overall, the stock presents a balanced investment opportunity with potential for growth.
To see Spark’s full report on GB:CCT stock, click here.
More about Character
Character Group PLC operates in the toy and games industry, focusing on the design, development, and distribution of toys, games, and related products. The company targets a diverse market, catering to children and families with a wide range of innovative and popular products.
Average Trading Volume: 20,307
Technical Sentiment Signal: Buy
Current Market Cap: £57.78M
See more insights into CCT stock on TipRanks’ Stock Analysis page.