C&C Group (LON:CCR) Stock Price Up 0.9% – What’s Next?

C&C Group plc (LON:CCR)’s share price rose 0.9% during mid-day trading on Wednesday . The company traded as high as GBX 150.40 ($1.91) and last traded at GBX 149 ($1.89). Approximately 2,240,168 shares traded hands during trading, an increase of 224% from the average daily volume of 691,244 shares. The stock had previously closed at GBX 147.60 ($1.88).

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a “buy” rating on shares of C&C Group in a report on Monday, September 9th.

C&C Group Trading Up 0.9 %

The business’s 50-day moving average price is GBX 153.76 and its 200 day moving average price is GBX 157.26. The company has a debt-to-equity ratio of 56.01, a current ratio of 1.16 and a quick ratio of 0.80. The firm has a market capitalization of £570.18 million, a price-to-earnings ratio of -620.83, a PEG ratio of 5.61 and a beta of 1.26.

C&C Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 14th will be issued a €0.02 ($0.02) dividend. The ex-dividend date is Thursday, November 14th. This represents a yield of 1.03%. C&C Group’s dividend payout ratio is presently -2,083.33%.

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.