Ralph Findlay Purchases 44,151 Shares of C&C Group plc (LON:CCR) Stock

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

C&C Group Stock Up 3.7 %

C&C Group stock opened at GBX 162.80 ($2.11) on Friday. The stock’s 50 day moving average price is GBX 162.38 and its 200 day moving average price is GBX 571.52. The company has a market cap of £632.09 million, a PE ratio of 2,693.33, a price-to-earnings-growth ratio of 5.61 and a beta of 1.26. The company has a debt-to-equity ratio of 38.55, a current ratio of 1.13 and a quick ratio of 0.80. C&C Group plc has a 1-year low of GBX 129.60 ($1.68) and a 1-year high of GBX 178.20 ($2.30).

C&C Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, August 23rd. Shareholders of record on Thursday, July 18th will be given a dividend of €0.04 ($0.04) per share. This is a positive change from C&C Group’s previous dividend of $0.02. This represents a dividend yield of 2%. The ex-dividend date is Thursday, July 18th. C&C Group’s payout ratio is presently 8,333.33%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CCR. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 185 ($2.39) price target 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.