Character Group PLC Executes Share Buyback

Character ( (GB:CCT) ) has issued an announcement.

Character Group PLC, a company involved in the toys and games industry, has announced the repurchase of 19,600 of its ordinary shares as part of its ongoing share buyback programme. This transaction, conducted through Panmure Liberum Limited, was executed at a consistent price of 239 pence per share, and the repurchased shares have been cancelled. Following this buyback, the company now holds 1,983,059 shares in treasury, with 18,114,899 shares remaining in issue. This move is part of Character’s strategy to manage its share capital 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’s stock is supported by a strong financial foundation with stable growth and effective cost management, complemented by a low P/E ratio and high dividend yield, suggesting undervaluation. However, technical indicators reflect bearish momentum, which tempers the overall attractiveness. Share buybacks further enhance shareholder value, but the lack of earnings call data limits insights into future guidance.

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

More about Character

Average Trading Volume: 31,955

Technical Sentiment Signal: Strong Sell

Current Market Cap: £42.09M

Learn more about CCT stock on TipRanks’ Stock Analysis page.