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The latest announcement is out from Coral Products ( (GB:CRU) ).
Coral Products plc announced the purchase of 53,000 ordinary shares as part of its share buyback programme, with the shares being held in treasury. This transaction affects the total number of shares carrying voting rights, which now stands at 88,829,697, impacting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:CRU) stock is a Hold with a £10.00 price target. To see the full list of analyst forecasts on Coral Products stock, see the GB:CRU Stock Forecast page.
Spark’s Take on GB:CRU Stock
According to Spark, TipRanks’ AI Analyst, GB:CRU is a Neutral.
Coral Products exhibits strong technical momentum, suggesting investor optimism despite financial challenges. The significant improvement in cash flow management is a positive, but high leverage and negative profitability weigh on the valuation. The technical analysis and recent corporate events, while not directly scored, hint at potential recovery and future growth.
To see Spark’s full report on GB:CRU stock, click here.
More about Coral Products
Coral Products plc is a group of specialist businesses based in Wythenshawe, Manchester, focusing on the design, UK manufacture, and omni-channel supply of bespoke plastic products.
Average Trading Volume: 139,170
Technical Sentiment Signal: Buy
Current Market Cap: £8.89M
For an in-depth examination of CRU stock, go to TipRanks’ Overview page.