Key Points
- Insider Vineet Bhalla bought 6,000 shares of C&C Group on Feb 6 at GBX 115 each, a transaction totaling £6,900.
- The stock carries a consensus "Moderate Buy" rating with a consensus target of GBX 130; Royal Bank of Canada cut its target from GBX 160 to GBX 130 while Shore Capital maintained a "Buy" rating.
- C&C Group is a leading premium drinks company (brands include Bulmers and Tennent's) with a market cap of £424.32m and a P/E of about 20.95, while shares trade near GBX 115 versus 50- and 200-day moving averages of GBX 126.61 and GBX 143.79.
C&C Group plc (LON:CCR - Get Free Report) insider Vineet Bhalla bought 6,000 shares of the stock in a transaction on Friday, February 6th. The stock was acquired at an average cost of GBX 115 per share, for a total transaction of £6,900.
C&C Group Stock Up 1.4%
Shares of CCR stock opened at GBX 115.20 on Friday. C&C Group plc has a 12 month low of GBX 105.20 and a 12 month high of GBX 184.59. The company has a quick ratio of 0.80, a current ratio of 1.16 and a debt-to-equity ratio of 56.01. The firm has a market cap of £424.32 million, a PE ratio of 20.95, a price-to-earnings-growth ratio of 5.61 and a beta of 1.26. The stock has a 50 day moving average of GBX 126.61 and a 200-day moving average of GBX 143.79.
Wall Street Analysts Forecast Growth
CCR has been the subject of a number of research analyst reports. Royal Bank Of Canada cut their price objective on shares of C&C Group from GBX 160 to GBX 130 and set a "sector perform" rating for the company in a research report on Thursday, January 29th. Shore Capital Group restated a "buy" rating on shares of C&C Group in a research note on Thursday. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 130.
Check Out Our Latest Research Report on CCR
About C&C Group
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
