Shore Capital Reiterates “Buy” Rating for C&C Group (LON:CCR)

C&C Group (LON:CCR)‘s stock had its “buy” rating reissued by Shore Capital in a note issued to investors on Thursday, MarketBeat Ratings reports.

C&C Group Price Performance

LON CCR opened at GBX 155.40 ($2.10) on Thursday. The business’s fifty day moving average price is GBX 134.75 and its 200-day moving average price is GBX 142.14. The stock has a market capitalization of £704.92 million, a price-to-earnings ratio of -6.50, a PEG 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. C&C Group has a 1-year low of GBX 115.20 ($1.56) and a 1-year high of GBX 177.40 ($2.40).

Insiders Place Their Bets

In other news, insider Roger Alexander White acquired 100,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of GBX 121 ($1.64) per share, for a total transaction of £121,000 ($163,801.27). Also, insider Sarah Newbitt acquired 11,528 shares of the business’s stock in a transaction dated Wednesday, March 26th. The shares were purchased at an average price of GBX 127 ($1.72) per share, with a total value of £14,640.56 ($19,819.36). 3.38% of the stock is currently owned by company 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.