Shore Capital restated their buy rating on shares of C&C Group (LON:CCR – Get Rating) in a research report released on Wednesday morning, Marketbeat Ratings reports.
Separately, Barclays reissued an overweight rating and issued a GBX 300 ($3.62) price objective on shares of C&C Group in a research note on Tuesday, May 17th.
Get C&C Group alerts:C&C Group Stock Up 1.0 %
Shares of C&C Group stock opened at GBX 161.40 ($1.95) on Wednesday. The stock has a 50-day moving average price of GBX 184.06 and a 200 day moving average price of GBX 193.40. The company has a market cap of £634.12 million and a P/E ratio of 2,002.50. The company has a current ratio of 1.06, a quick ratio of 0.47 and a debt-to-equity ratio of 48.07. C&C Group has a 1 year low of GBX 158.10 ($1.91) and a 1 year high of GBX 269.60 ($3.26).
Insiders Place Their Bets
In other news, insider Patrick McMahon bought 5,000 shares of the company's stock in a transaction on Tuesday, July 19th. The shares were bought 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 Ralph Findlay acquired 12,721 shares of the stock in a transaction dated Tuesday, July 26th. The shares were acquired at an average price of GBX 195 ($2.36) per share, with a total value of £24,805.95 ($29,973.36). Also, insider Patrick McMahon acquired 5,000 shares of the stock in a transaction dated Tuesday, July 19th. The shares were bought at an average cost of GBX 192 ($2.32) per share, for a total transaction of £9,600 ($11,599.81). Insiders have bought a total of 17,848 shares of company stock valued at $3,464,729 in the last three months.C&C Group Company Profile
(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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