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Canal+ ( (GB:CAN) ) just unveiled an announcement.
Canal+ S.A has announced the repurchase of 261,157 ordinary shares as part of its ongoing Share Buyback Programme. This move is aimed at holding shares in treasury to satisfy share awards under its incentive plans, potentially strengthening its market position and aligning the interests of employees and corporate officers with the company’s performance.
The most recent analyst rating on (GB:CAN) stock is a Hold with a £242.00 price target. To see the full list of analyst forecasts on Canal+ stock, see the GB:CAN Stock Forecast page.
Spark’s Take on GB:CAN Stock
According to Spark, TipRanks’ AI Analyst, GB:CAN is a Neutral.
The overall stock score is primarily influenced by Canal+’s financial performance, which shows revenue growth but is hindered by profitability issues and negative free cash flow growth. Technical analysis indicates a lack of strong momentum, and valuation metrics are weak due to a negative P/E ratio and low dividend yield.
To see Spark’s full report on GB:CAN stock, click here.
More about Canal+
Canal+ S.A is a global media and entertainment company known for its diverse range of services in the broadcasting and content production sectors. The company operates in various markets, focusing on delivering premium content and entertainment solutions to a worldwide audience.
Average Trading Volume: 945,218
Technical Sentiment Signal: Strong Buy
Current Market Cap: £2.36B
For a thorough assessment of CAN stock, go to TipRanks’ Stock Analysis page.