C&C Group (LON:CCR) Insider Vineet Bhalla Acquires 6,000 Shares

C&C Group plc (LON:CCR) insider Vineet Bhalla bought 6,000 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were purchased at an average cost of GBX 115 per share, for a total transaction of £6,900.

C&C Group Price Performance

CCR stock traded up GBX 1.60 on Friday, hitting GBX 115.20. 472,248 shares of the company’s stock traded hands, compared to its average volume of 5,221,521. 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 stock has a market cap of £424.32 million, a price-to-earnings ratio of 20.95, a P/E/G ratio of 5.61 and a beta of 1.26. C&C Group plc has a 1-year low of GBX 105.20 and a 1-year high of GBX 184.59. The stock has a fifty day moving average of GBX 126.90 and a 200-day moving average of GBX 144.21.

Analyst Upgrades and Downgrades

CCR has been the topic of a number of research analyst reports. Shore Capital reiterated a “buy” rating on shares of C&C Group in a report on Thursday. Royal Bank Of Canada decreased their price target on shares of C&C Group from GBX 160 to GBX 130 and set a “sector perform” rating for the company in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 130.

About C&C Group

C&C Group plc is a leading, vertically integrated premium drinks company which manufactures, markets and distributes branded beer, cider, wine, spirits, and soft drinks across the UK and Ireland.

C&C Group’s portfolio of owned/exclusive brands include Bulmers, the leading Irish cider brand and Tennent’s, the leading Scottish beer brand; as well as a range of fast-growing, premium and craft ciders and beers, such as Heverlee, Menabrea, Five Lamps and Orchard Pig. C&C exports its Magners and Tennent’s brands to over 40 countries worldwide.

C&C Group has owned brand and contract manufacturing/packing operations in CoTipperary, Ireland and Glasgow, Scotland.

C&C is the No.1 drinks distributor to the UK and Ireland hospitality sectors.