Shares of C&C Group plc (LON:CCR – Get Rating) reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 160.80 ($1.94) and last traded at GBX 162 ($1.96), with a volume of 802764 shares changing hands. The stock had previously closed at GBX 173.90 ($2.10).
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on CCR. Barclays decreased their price objective on shares of C&C Group from GBX 240 ($2.90) to GBX 230 ($2.78) and set an "overweight" rating for the company in a research report on Thursday. Shore Capital reaffirmed a "buy" rating on shares of C&C Group in a research report on Wednesday.
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C&C Group Trading Down 0.7 %
The firm has a market capitalization of £628.62 million and a PE ratio of 2,015.00. The company's 50-day moving average price is GBX 183.50 and its 200-day moving average price is GBX 193.18. The company has a debt-to-equity ratio of 48.07, a quick ratio of 0.47 and a current ratio of 1.06.
Insider Activity at C&C Group
In related news, insider Patrick McMahon purchased 5,000 shares of C&C Group stock in a transaction that occurred on Tuesday, July 19th. The stock was purchased at an average cost of GBX 192 ($2.32) per share, with a total value of £9,600 ($11,599.81). In related news, insider Patrick McMahon purchased 5,000 shares of C&C Group stock in a transaction that occurred on Tuesday, July 19th. The stock was purchased at an average cost of GBX 192 ($2.32) per share, with a total value of £9,600 ($11,599.81). Also, insider Ralph Findlay purchased 12,721 shares of C&C Group stock in a transaction that occurred on Tuesday, July 26th. The stock was bought at an average cost of GBX 195 ($2.36) per share, with a total value of £24,805.95 ($29,973.36). Insiders purchased a total of 17,848 shares of company stock valued at $3,464,729 over the last ninety days.
About C&C Group
(Get Rating)
C&C Group plc manufactures, markets, and distributes cider, beer, wine, spirits, ales, and soft drinks in the Republic of Ireland, Great Britain, and internationally. The company offers its products primarily under the Tennent's, Bulmers, and Magners brand name. It also distributes third party branded beers, wines, spirits, cider, and soft drinks.
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