C&C Group (LON:CCR) Trading Up 13.5% – Here’s Why

C&C Group plc (LON:CCR) was up 13.5% during trading on Friday . The stock traded as high as GBX 101.20 and last traded at GBX 101.20. 14,295,993 shares traded hands during trading, an increase of 318% from the average daily volume of 3,416,438 shares. The stock had previously closed at GBX 89.20.

Wall Street Analyst Weigh In

Separately, Shore Capital Group restated a “buy” rating on shares of C&C Group in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 130.

C&C Group Price Performance

The company has a debt-to-equity ratio of 76.88, a current ratio of 1.20 and a quick ratio of 0.80. The company’s 50-day simple moving average is GBX 95.61 and its 200-day simple moving average is GBX 103.85. The stock has a market capitalization of £372.86 million, a P/E ratio of 112.44, a price-to-earnings-growth ratio of 5.61 and a beta of 0.59.

About C&C Group

C&C Group plc is a leading, vertically integrated premium drinks company which manufactures, markets and distributes branded beer, cider, wine, spirits, and soft drinks across the UK and Ireland.

C&C Group’s portfolio of owned/exclusive brands include Bulmers, the leading Irish cider brand and Tennent’s, the leading Scottish beer brand; as well as a range of fast-growing, premium and craft ciders and beers, such as Heverlee, Menabrea, Five Lamps and Orchard Pig. C&C exports its Magners and Tennent’s brands to over 40 countries worldwide.

C&C Group has owned brand and contract manufacturing/packing operations in CoTipperary, Ireland and Glasgow, Scotland.

C&C is the No.1 drinks distributor to the UK and Ireland hospitality sectors.