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Character Group Executes Share Buyback, Cancels Repurchased Shares

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Character Group Executes Share Buyback, Cancels Repurchased Shares

Meet Your ETF AI Analyst

Character ( (GB:CCT) ) has provided an announcement.

Character Group PLC has executed a share buyback, acquiring 5,900 of its ordinary shares at a price of 277 pence each, as part of its ongoing share buyback programme. This transaction reduces the number of shares in circulation, potentially enhancing shareholder value and reflecting the company’s confidence in its financial health. The repurchased shares have been cancelled, leaving the company with 17,797,999 shares in issue, which will be used as a reference for shareholder notifications under FCA rules.

The most recent analyst rating on (GB:CCT) stock is a Hold with a £312.00 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’s stock is supported by strong financial performance and attractive valuation metrics, including a low P/E ratio and high dividend yield. However, technical indicators suggest bearish momentum, which could pose short-term risks. The absence of recent earnings call insights or notable corporate events means these factors do not influence the score.

To see Spark’s full report on GB:CCT stock, click here.

More about Character

Character Group PLC operates in the toy industry, focusing on the design, development, and distribution of toys, games, and giftware. The company is known for its innovative products and has a significant presence in the UK market, catering to a diverse range of consumer needs.

Average Trading Volume: 18,260

Technical Sentiment Signal: Hold

Current Market Cap: £48.96M

For a thorough assessment of CCT stock, go to TipRanks’ Stock Analysis page.

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