C&C Group plc (LON:CCR) Insider Acquires £69,317.07 in Stock

C&C Group plc (LON:CCR) insider Ralph Findlay bought 44,151 shares of C&C Group stock in a transaction dated Monday, July 22nd. The stock was acquired at an average cost of GBX 157 ($2.03) per share, with a total value of £69,317.07 ($89,649.60).

C&C Group Trading Down 0.4 %

LON CCR opened at GBX 157 ($2.03) on Friday. The stock has a market capitalization of £609.57 million, a P/E ratio of 2,616.67, a P/E/G ratio of 5.61 and a beta of 1.26. C&C Group plc has a 52-week low of GBX 129.60 ($1.68) and a 52-week high of GBX 178.20 ($2.30). The firm has a 50-day moving average price of GBX 162.73 and a 200 day moving average price of GBX 574.42. The company has a quick ratio of 0.80, a current ratio of 1.13 and a debt-to-equity ratio of 38.55.

C&C Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, August 23rd. Investors of record on Thursday, July 18th will be issued a dividend of €0.04 ($0.04) per share. This is a boost from C&C Group’s previous dividend of $0.02. This represents a yield of 2%. The ex-dividend date is Thursday, July 18th. C&C Group’s dividend payout ratio is currently 8,333.33%.

Analysts Set New Price Targets

A number of brokerages have recently commented on CCR. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 185 ($2.39) target price on shares of C&C Group in a report on Monday, June 10th. Shore Capital reissued a “buy” rating on shares of C&C Group in a report on Friday, June 7th.

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.