C&C Group (LON:CCR) Reaches New 52-Week High - Here's What Happened

C&C Group plc (LON:CCR - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as GBX 172.20 ($2.34) and last traded at GBX 170.57 ($2.32), with a volume of 413395 shares changing hands. The stock had previously closed at GBX 168.60 ($2.30).

Analyst Ratings Changes

Separately, Shore Capital reissued a "buy" rating on shares of C&C Group in a report on Thursday, May 22nd.

C&C Group Stock Performance

The company has a market capitalization of £758.44 million, a P/E ratio of -7.00, a PEG ratio of 5.61 and a beta of 1.26. The stock has a fifty day simple moving average of GBX 144.15 and a 200-day simple moving average of GBX 143.67. The company has a quick ratio of 0.80, a current ratio of 1.16 and a debt-to-equity ratio of 56.01.

Insider Buying and Selling

In other C&C Group news, insider Sarah Newbitt purchased 11,528 shares of the company's stock in a transaction that occurred on Wednesday, March 26th. The stock was purchased at an average cost of GBX 127 ($1.73) per share, with a total value of £14,640.56 ($19,932.69). 3.38% of the stock is currently owned by corporate insiders.

C&C Group Company Profile

C&C Group plc manufactures, markets, and distributes beer, cider, wine, spirits, and soft drinks in the Republic of Ireland, Great Britain, and internationally. The company offers its products primarily under the Tennent's, Bulmers, Magners, Orchard Pig, Heverlee, 5 Lamps, Fête, Blackthorn, Seven Summits, Dowd's Lane, Chaplin & Cork's, Celedonia Best, and Addlestones brand name.