Shore Capital Reaffirms "Buy" Rating for C&C Group (LON:CCR)

Shore Capital reiterated their buy rating on shares of C&C Group (LON:CCR - Free Report) in a research note published on Thursday, MarketBeat.com reports.

C&C Group Trading Down 0.9%

Shares of C&C Group stock traded down GBX 1.40 ($0.02) during mid-day trading on Thursday, hitting GBX 155.40 ($2.10). 541,095 shares of the stock were exchanged, compared to its average volume of 1,228,765. C&C Group has a twelve month low of GBX 115.20 ($1.56) and a twelve month high of GBX 177.40 ($2.40). The stock has a market capitalization of £704.92 million, a price-to-earnings ratio of -6.50, a price-to-earnings-growth ratio of 5.61 and a beta of 1.26. The company has a 50-day simple moving average of GBX 134.75 and a 200 day simple moving average of GBX 142.11. The company has a current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of 56.01.

Insiders Place Their Bets

In related news, insider Sarah Newbitt bought 11,528 shares of the firm's stock in a transaction that occurred on Wednesday, March 26th. The shares were acquired at an average cost of GBX 127 ($1.72) per share, with a total value of £14,640.56 ($19,819.36). Also, insider Roger Alexander White bought 100,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of GBX 121 ($1.64) per share, for a total transaction of £121,000 ($163,801.27). 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.