C&C Group (LON:CCR) Sets New 52-Week High - Here's Why

C&C Group plc (LON:CCR - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 172.40 ($2.33) and last traded at GBX 170 ($2.30), with a volume of 77651 shares trading hands. The stock had previously closed at GBX 168.60 ($2.28).

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated 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 £767.51 million, a PE ratio of -7.08, a PEG ratio of 5.61 and a beta of 1.26. The company has a current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of 56.01. The firm's 50-day simple moving average is GBX 151.77 and its 200-day simple moving average is GBX 144.71.

Insider Buying and Selling at C&C Group

In other C&C Group news, insider Sarah Newbitt purchased 11,528 shares of C&C Group stock in a transaction dated Wednesday, March 26th. The stock was acquired at an average price of GBX 127 ($1.72) per share, for a total transaction of £14,640.56 ($19,822.04). 3.38% of the stock is owned by corporate insiders.

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.