C&C Group plc (LON:CCR) Insider Acquires £99,274.50 in Stock

C&C Group plc (LON:CCR) insider Ralph Findlay bought 66,183 shares of the company’s stock in a transaction on Monday, December 16th. The shares were acquired at an average price of GBX 150 ($1.89) per share, for a total transaction of £99,274.50 ($124,810.79).

C&C Group Stock Down 0.1 %

Shares of LON CCR opened at GBX 145.80 ($1.83) on Thursday. The firm’s 50-day moving average is GBX 151.55 and its two-hundred day moving average is GBX 155.65. The company has a market capitalization of £557.93 million, a PE ratio of -607.50, a price-to-earnings-growth ratio of 5.61 and a beta of 1.26. C&C Group plc has a 12-month low of GBX 142.20 ($1.79) and a 12-month high of GBX 178.20 ($2.24). 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 Cuts Dividend

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

Wall Street Analysts Forecast Growth

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

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.