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

C&C Group (LON:CCR)‘s stock had its “buy” rating restated by stock analysts at Shore Capital Group in a research note issued on Thursday, MarketBeat.com reports.

Separately, Royal Bank Of Canada reduced their price objective on C&C Group from GBX 160 to GBX 130 and set a “sector perform” rating for the company in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 130.

C&C Group Stock Up 1.4%

Shares of CCR stock opened at GBX 115.20 on Thursday. The company has a current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of 56.01. C&C Group has a 12 month low of GBX 105.20 and a 12 month high of GBX 184.59. The stock has a market cap of £424.32 million, a P/E ratio of 20.95, a P/E/G ratio of 5.61 and a beta of 1.26. The company has a 50 day simple moving average of GBX 126.61 and a two-hundred day simple moving average of GBX 143.79.

Insider Activity

In other news, insider Vineet Bhalla acquired 6,000 shares of C&C Group stock in a transaction dated Friday, February 6th. The stock was purchased at an average cost of GBX 115 per share, with a total value of £6,900. 5.16% of the stock is currently owned by company insiders.

C&C Group Company Profile

C&C Group plc is a leading, vertically integrated premium drinks company which manufactures, markets and distributes branded beer, cider, wine, spirits, and soft drinks across the UK and Ireland.

C&C Group’s portfolio of owned/exclusive brands include Bulmers, the leading Irish cider brand and Tennent’s, the leading Scottish beer brand; as well as a range of fast-growing, premium and craft ciders and beers, such as Heverlee, Menabrea, Five Lamps and Orchard Pig. C&C exports its Magners and Tennent’s brands to over 40 countries worldwide.

C&C Group has owned brand and contract manufacturing/packing operations in CoTipperary, Ireland and Glasgow, Scotland.

C&C is the No.1 drinks distributor to the UK and Ireland hospitality sectors.