C&C Group (LON:CCR) Stock Price Up 13.5% – Here’s Why

C&C Group plc (LON:CCR) traded up 13.5% during trading on Friday . The company traded as high as GBX 101.20 and last traded at GBX 101.20. 14,295,993 shares changed hands during mid-day trading, an increase of 318% from the average session volume of 3,416,438 shares. The stock had previously closed at GBX 89.20.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reissued a “buy” rating on shares of C&C Group in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 130.

C&C Group Trading Up 13.5%

The company has a debt-to-equity ratio of 76.88, a current ratio of 1.20 and a quick ratio of 0.80. The company has a market capitalization of £372.86 million, a price-to-earnings ratio of 112.44, a P/E/G ratio of 5.61 and a beta of 0.59. The business’s 50-day moving average price is GBX 95.61 and its two-hundred day moving average price is GBX 103.85.

C&C Group Company Profile

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.