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Coral Products ( (GB:CRU) ) has shared an update.
Coral Products plc announced the purchase of 50,000 ordinary shares at 10 pence each as part of its share buyback programme. This transaction, conducted on the London Stock Exchange, will result in the shares being held in treasury, affecting the total number of shares carrying voting rights, which now stands at 88,882,697. This move is significant for shareholders as it impacts the calculations for notifying changes in their interest in the company 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 focused on the design, UK manufacture, and omni-channel supply of bespoke plastic products. The company is based in Wythenshawe, Manchester.
Average Trading Volume: 140,216
Technical Sentiment Signal: Buy
Current Market Cap: £8.89M
For an in-depth examination of CRU stock, go to TipRanks’ Overview page.