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Character ( (GB:CCT) ) just unveiled an announcement.
Character Group PLC has announced the purchase of 4,000 of its own ordinary shares at a price of 274 pence each as part of its ongoing share buyback programme. 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 a total of 17,771,499 shares in issue. This move is part of the company’s strategy to manage its share capital and potentially enhance shareholder value by reducing the number of shares in circulation.
The most recent analyst rating on (GB:CCT) stock is a Hold with a £312.00 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’s stock is supported by strong financial performance and attractive valuation metrics, including a low P/E ratio and high dividend yield. However, technical indicators suggest bearish momentum, which could pose short-term risks. The absence of recent earnings call insights or notable corporate events means these factors do not influence the score.
To see Spark’s full report on GB:CCT stock, click here.
More about Character
Character Group PLC operates in the toy industry, focusing on designing, developing, and distributing toys and games. The company is known for its wide range of products catering to various age groups and has a significant presence in the UK market.
Average Trading Volume: 17,682
Technical Sentiment Signal: Hold
Current Market Cap: £48.9M
See more insights into CCT stock on TipRanks’ Stock Analysis page.