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An update from Coral Products ( (GB:CRU) ) is now available.
Coral Products Plc has executed a share buyback, purchasing 100,000 ordinary shares on the London Stock Exchange as part of its previously approved buyback programme. This transaction reduces the number of shares with voting rights to 88,932,697, potentially impacting shareholder calculations under FCA 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 involved in the design, UK manufacture, and omni-channel supply of a wide range of bespoke plastic products, based in Wythenshawe, Manchester.
Average Trading Volume: 138,413
Technical Sentiment Signal: Sell
Current Market Cap: £8.68M
For detailed information about CRU stock, go to TipRanks’ Stock Analysis page.