C&C Group (LON:CCR) Reaches New 1-Year Low at $155.55

C&C Group plc (LON:CCRGet Rating)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 155.55 ($1.88) and last traded at GBX 155.55 ($1.88), with a volume of 224124 shares. The stock had previously closed at GBX 160.40 ($1.94).

Analyst Ratings Changes

Several brokerages have recently issued reports on CCR. Barclays lowered their price target on shares of C&C Group from GBX 240 ($2.90) to GBX 230 ($2.78) and set an “overweight” rating for the company in a report on Thursday, September 15th. Shore Capital reaffirmed a “buy” rating on shares of C&C Group in a research report on Wednesday, September 14th.

C&C Group Stock Performance

The stock has a 50 day moving average of GBX 181.06 and a 200 day moving average of GBX 192. The company has a quick ratio of 0.47, a current ratio of 1.06 and a debt-to-equity ratio of 48.07. The company has a market capitalization of £615.19 million and a price-to-earnings ratio of 1,943.75.

Insider Buying and Selling

In related news, insider Ralph Findlay acquired 12,721 shares of the business’s stock in a transaction that occurred on Tuesday, July 26th. The shares were bought at an average cost of GBX 195 ($2.36) per share, with a total value of £24,805.95 ($29,973.36). In other C&C Group news, insider Patrick McMahon bought 5,000 shares of the stock in a transaction on Tuesday, July 19th. The stock was acquired at an average cost of GBX 192 ($2.32) per share, for a total transaction of £9,600 ($11,599.81). Also, insider Ralph Findlay bought 12,721 shares of the stock in a transaction on Tuesday, July 26th. The stock was acquired at an average price of GBX 195 ($2.36) per share, with a total value of £24,805.95 ($29,973.36). Insiders have purchased a total of 17,848 shares of company stock valued at $3,464,729 over the last ninety days.

C&C Group Company Profile

(Get Rating)

C&C Group plc manufactures, markets, and distributes cider, beer, wine, spirits, ales, and soft drinks in the Republic of Ireland, Great Britain, and internationally. The company offers its products primarily under the Tennent's, Bulmers, and Magners brand name. It also distributes third party branded beers, wines, spirits, cider, and soft drinks.

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