C&C Group’s (CCR) “Buy” Rating Reiterated at Shore Capital Group

Shore Capital Group reaffirmed their buy rating on shares of C&C Group (LON:CCR) in a report released on Wednesday morning, MarketBeat Ratings reports. They currently have a GBX 138 price objective on the stock.

C&C Group Price Performance

Shares of LON CCR opened at GBX 104.60 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 0.80 and a debt-to-equity ratio of 76.88. The company’s 50-day moving average price is GBX 97.27 and its 200 day moving average price is GBX 103.42. C&C Group has a 52 week low of GBX 85.40 and a 52 week high of GBX 155.20. The stock has a market cap of £385.38 million, a price-to-earnings ratio of 116.22, a PEG ratio of 5.61 and a beta of 0.59.

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.