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

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

C&C Group Stock Down 1.2 %

Shares of C&C Group stock opened at GBX 148.40 ($1.87) on Thursday. C&C Group has a 52-week low of GBX 137.20 ($1.73) and a 52-week high of GBX 178.20 ($2.25). The company has a 50 day moving average of GBX 152.06 and a 200 day moving average of GBX 155.97. The company has a quick ratio of 0.80, a current ratio of 1.16 and a debt-to-equity ratio of 56.01. The company has a market capitalization of £567.88 million, a P/E ratio of -618.33, a P/E/G ratio of 5.61 and a beta of 1.26.

C&C Group Cuts Dividend

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

About C&C Group

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.