C&C Group (LON:CCR) Insider Vineet Bhalla Purchases 6,000 Shares of Stock

C&C Group plc (LON:CCR) insider Vineet Bhalla acquired 6,000 shares of the company’s stock in a transaction on Friday, February 6th. The stock was bought at an average price of GBX 115 per share, for a total transaction of £6,900.

C&C Group Price Performance

Shares of LON:CCR opened at GBX 115.20 on Friday. 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 plc has a 1 year low of GBX 105.20 and a 1 year high of GBX 184.59. The business has a fifty day simple moving average of GBX 126.61 and a 200 day simple moving average of GBX 143.79. The firm has a market cap of £424.32 million, a price-to-earnings ratio of 20.95, a P/E/G ratio of 5.61 and a beta of 1.26.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CCR. Royal Bank Of Canada reduced their target price on shares of 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. Shore Capital Group reaffirmed a “buy” rating on shares of C&C Group in a research note on Thursday. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 130.

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.