C&C Group (LON:CCR) Sets New 1-Year High - Here's Why

Shares of C&C Group plc (LON:CCR - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 170 ($2.31) and last traded at GBX 169 ($2.29), with a volume of 235667 shares. The stock had previously closed at GBX 168.40 ($2.29).

Wall Street Analyst Weigh In

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

C&C Group Stock Performance

The firm has a fifty day moving average of GBX 140.91 and a 200-day moving average of GBX 143.03. The stock has a market capitalization of £765.70 million, a price-to-earnings ratio of -7.06, a PEG ratio of 5.61 and a beta of 1.26. 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 Transactions at C&C Group

In related news, insider Sarah Newbitt purchased 11,528 shares of the business's stock in a transaction dated Wednesday, March 26th. The stock was bought at an average cost of GBX 127 ($1.72) per share, with a total value of £14,640.56 ($19,881.26). Also, insider Roger Alexander White purchased 100,000 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of GBX 121 ($1.64) per share, with a total value of £121,000 ($164,312.87). Insiders own 3.38% of the company's stock.

About C&C Group

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.

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