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Character ( (GB:CCT) ) has provided an announcement.
Character Group PLC has executed a share buyback, purchasing 5,000 of its ordinary shares at a price of 286 pence each. This move is part of an ongoing share buyback program, which was extended earlier in the year. The repurchased shares have been cancelled, leaving the company with 1,983,059 shares in treasury and 17,926,899 shares in issue. This transaction is expected to impact the company’s shareholding structure and could influence shareholder voting rights and market perception.
The most recent analyst rating on (GB:CCT) stock is a Hold with a £320.00 price target. To see the full list of analyst forecasts on Character stock, see the GB:CCT Stock Forecast page.
Spark’s Take on GB:CCT Stock
According to Spark, TipRanks’ AI Analyst, GB:CCT is a Neutral.
Character Group’s stock is supported by solid financial performance and strategic corporate actions like share buybacks, which enhance shareholder value. The technical indicators show strong upward momentum, although caution is warranted due to overbought signals. The valuation is attractive, but the unusually high dividend yield requires further investigation. Overall, the stock presents a balanced investment opportunity with potential for growth.
To see Spark’s full report on GB:CCT stock, click here.
More about Character
Character Group PLC operates in the toy and games industry, focusing on the design, development, and distribution of toys, games, and related products. The company targets a broad market, catering to both children and collectors with a diverse range of products.
Average Trading Volume: 18,640
Technical Sentiment Signal: Buy
Current Market Cap: £51.29M
For an in-depth examination of CCT stock, go to TipRanks’ Overview page.