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

C&C Group plc (LON:CCR) insider Ralph Findlay purchased 44,151 shares of the stock in a transaction on 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 Stock Up 3.7 %

Shares of CCR stock opened at GBX 162.80 ($2.11) on Friday. C&C Group plc has a fifty-two week low of GBX 129.60 ($1.68) and a fifty-two week high of GBX 178.20 ($2.30). The firm has a market capitalization of £632.09 million, a PE ratio of 2,693.33, a P/E/G ratio of 5.61 and a beta of 1.26. The company has a debt-to-equity ratio of 38.55, a quick ratio of 0.80 and a current ratio of 1.13. The stock’s 50-day simple moving average is GBX 162.38 and its 200-day simple moving average is GBX 571.52.

C&C Group Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, July 18th. This is a positive change from C&C Group’s previous dividend of $0.02. This represents a yield of 2%. C&C Group’s dividend payout ratio (DPR) is currently 8,333.33%.

Analysts Set New Price Targets

CCR has been the subject of several research analyst reports. Shore Capital reaffirmed a “buy” rating on shares of C&C Group in a research report on Friday, June 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 185 ($2.39) price target on shares of C&C Group in a report on Monday, June 10th.

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.