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

Shore Capital reissued their buy rating on shares of C&C Group (LON:CCR) in a research note published on Thursday, MarketBeat.com reports.

C&C Group Stock Down 1.2 %

C&C Group stock opened at GBX 148.40 ($1.87) on Thursday. The stock’s 50 day moving average price is GBX 152.06 and its 200 day moving average price is GBX 155.97. The company has a market cap of £567.88 million, a PE ratio of -618.33, a price-to-earnings-growth ratio of 5.61 and a beta of 1.26. The company has a debt-to-equity ratio of 56.01, a current ratio of 1.16 and a quick ratio of 0.80. C&C Group has a 1-year low of GBX 137.20 ($1.73) and a 1-year high of GBX 178.20 ($2.25).

C&C Group Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, December 13th. Investors of record on Thursday, November 14th were issued a €0.02 ($0.02) dividend. This represents a dividend yield of 1.03%. The ex-dividend date of this dividend was Thursday, November 14th. C&C Group’s dividend payout ratio is currently -2,083.33%.

C&C Group Company Profile

C&C Group plc manufactures, markets, and distributes beer, cider, wine, spirits, and soft drinks in the Republic of Ireland, Great Britain, and internationally. The company offers its products primarily under the Tennent's, Bulmers, Magners, Orchard Pig, Heverlee, 5 Lamps, Fête, Blackthorn, Seven Summits, Dowd's Lane, Chaplin & Cork's, Celedonia Best, and Addlestones brand name.