C&C Group (LON:CCR) Sets New 12-Month Low at $155.55

C&C Group plc (LON:CCRGet Rating) shares hit a new 52-week low during 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 trading hands. The stock had previously closed at GBX 160.40 ($1.94).

Wall Street Analyst Weigh In

Several brokerages have commented on CCR. Shore Capital restated a “buy” rating on shares of C&C Group in a research report on Wednesday, September 14th. 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.

C&C Group Stock Up 0.7 %

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

Insider Buying and Selling

In related news, insider Patrick McMahon purchased 5,000 shares of C&C Group stock in a transaction on Tuesday, July 19th. The shares were purchased at an average price of GBX 192 ($2.32) per share, for a total transaction of £9,600 ($11,599.81). 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). Also, insider Patrick McMahon acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 19th. The stock was bought at an average cost of GBX 192 ($2.32) per share, for a total transaction of £9,600 ($11,599.81). Insiders purchased a total of 17,848 shares of company stock valued at $3,464,729 in the last three months.

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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