Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Character ( (GB:CCT) ) has issued an update.
The Character Group has executed another tranche of its previously announced share buyback programme, repurchasing 11,000 ordinary shares at a price of 232 pence per share. The move reflects ongoing capital management efforts and results in the cancellation of these shares, leaving 17,468,149 shares in issue excluding treasury stock.
Following this transaction, the company now holds 1,983,059 shares in treasury, and the updated share count sets the new denominator for calculating shareholder voting rights under the FCA disclosure rules. The buyback incrementally enhances earnings per share and signals continued commitment to returning value to shareholders while tightening the free float in the market.
The most recent analyst rating on (GB:CCT) stock is a Hold with a £244.00 price target. To see the full list of analyst forecasts on Character stock, see the GB:CCT Stock Forecast page.
Spark’s Take on CCT Stock
According to Spark, TipRanks’ AI Analyst, CCT is a Neutral.
The overall stock score reflects significant financial challenges, including declining revenue and profitability, and weak cash flow generation. Technical indicators suggest bearish momentum, with the stock trading below key moving averages. Despite a high dividend yield, the negative P/E ratio highlights profitability concerns, making the stock less attractive to growth-focused investors.
To see Spark’s full report on CCT stock, click here.
More about Character
The Character Group plc is a U.K.-listed company operating in the consumer products sector, best known for designing, developing and distributing toys, games and related licensed merchandise. The group focuses on branded and character-based products, leveraging partnerships and distribution across key retail channels, and its shares are traded on AIM in London.
Average Trading Volume: 17,458
Technical Sentiment Signal: Sell
Current Market Cap: £39.7M
Find detailed analytics on CCT stock on TipRanks’ Stock Analysis page.