C&C Group (LON:CCR) Receives Buy Rating from Shore Capital

Shore Capital reissued their buy rating on shares of C&C Group (LON:CCR) in a report published on Thursday,Digital Look reports.

C&C Group Stock Up 2.8 %

CCR stock opened at GBX 123 ($1.59) on Thursday. The company has a fifty day moving average price of GBX 145.73 and a 200 day moving average price of GBX 150.17. C&C Group has a 12 month low of GBX 115.38 ($1.49) and a 12 month high of GBX 178.20 ($2.31). The company has a market cap of £557.94 million, a price-to-earnings ratio of -5.15, a price-to-earnings-growth ratio of 5.61 and a beta of 1.26. The company has a debt-to-equity ratio of 56.01, a current ratio of 1.16 and a quick ratio of 0.80.

Insider Activity at C&C Group

In other news, insider Roger Alexander White acquired 100,000 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were bought at an average cost of GBX 121 ($1.57) per share, with a total value of £121,000 ($156,512.74). Also, insider Angela Bromfield acquired 13,439 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was purchased at an average cost of GBX 147 ($1.90) per share, for a total transaction of £19,755.33 ($25,553.40). Insiders acquired a total of 179,622 shares of company stock worth $24,002,983 in the last 90 days. 3.38% of the stock is owned by insiders.

About C&C Group

C&C Group plc manufactures, markets, and distributes beer, cider, wine, spirits, and soft drinks in the Republic of Ireland, Great Britain, and internationally. The company offers its products primarily under the Tennent's, Bulmers, Magners, Orchard Pig, Heverlee, 5 Lamps, Fête, Blackthorn, Seven Summits, Dowd's Lane, Chaplin & Cork's, Celedonia Best, and Addlestones brand name.