C&C Group (LON:CCR) Reaches New 1-Year Low – Here’s Why

Shares of C&C Group plc (LON:CCR) hit a new 52-week low on Thursday . The company traded as low as GBX 116.20 ($1.51) and last traded at GBX 117.40 ($1.52), with a volume of 18910648 shares traded. The stock had previously closed at GBX 147.80 ($1.92).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a “buy” rating on shares of C&C Group in a research note on Thursday, December 12th.

C&C Group Stock Performance

The company’s 50-day moving average price is GBX 146.73 and its 200 day moving average price is GBX 150.69. The stock has a market capitalization of £549.78 million, a PE ratio of -5.07, a PEG ratio of 5.61 and a beta of 1.26. The company has a debt-to-equity ratio of 56.01, a quick ratio of 0.80 and a current ratio of 1.16.

Insider Buying and Selling

In other news, insider Angela Bromfield purchased 13,439 shares of C&C Group stock in a transaction that occurred on Wednesday, December 18th. The shares were bought at an average cost of GBX 147 ($1.91) per share, with a total value of £19,755.33 ($25,619.67). Also, insider Ralph Findlay acquired 66,183 shares of the stock in a transaction on Monday, December 16th. The shares were purchased at an average cost of GBX 150 ($1.95) per share, with a total value of £99,274.50 ($128,744.00). 3.38% of the stock is owned by insiders.

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.