C&C Group (LON:CCR) Hits New 52-Week High - Still a Buy?

Key Points

• C&C Group shares have reached a new 52-week high, trading at GBX 184.59 ($2.48), reflecting significant investor interest.
• Analysts at Shore Capital have reiterated a "buy" rating on C&C Group, suggesting confidence in the company's growth potential.
• The company has a market cap of £836.46 million and a price-to-earnings ratio of -7.71, indicating a strong focus on future earnings growth despite current losses.

C&C Group plc (LON:CCR - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 184.59 ($2.45) and last traded at GBX 183.81 ($2.44), with a volume of 12631 shares changing hands. The stock had previously closed at GBX 181.30 ($2.40).

Analysts Set New Price Targets

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

C&C Group Trading Down 0.5%

The company has a market cap of £794.23 million, a price-to-earnings ratio of -7.33, a P/E/G ratio of 5.61 and a beta of 1.26. The company has a debt-to-equity ratio of 56.01, a current ratio of 1.16 and a quick ratio of 0.80. The firm's fifty day moving average price is GBX 167.43 and its 200-day moving average price is GBX 148.93.

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.