C&C Group (LON:CCR) Sets New 12-Month High - Should You Buy?

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 172.40 ($2.32) and last traded at GBX 170 ($2.29), with a volume of 77651 shares. The stock had previously closed at GBX 168.60 ($2.27).

Analyst Upgrades and Downgrades

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

C&C Group Price Performance

The company has a 50-day simple moving average of GBX 149.88 and a 200-day simple moving average of GBX 144.45. 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 stock has a market cap of £772.96 million, a PE ratio of -7.13, a PEG ratio of 5.61 and a beta of 1.26.

Insiders Place Their Bets

In related news, insider Sarah Newbitt acquired 11,528 shares of the business's stock in a transaction dated Wednesday, March 26th. The shares were acquired at an average cost of GBX 127 ($1.71) per share, for a total transaction of £14,640.56 ($19,715.27). 3.38% of the stock is currently owned by company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.