Shore Capital Reaffirms “Buy” Rating for C&C Group (LON:CCR)

Shore Capital reiterated their buy rating on shares of C&C Group (LON:CCR) in a research report report published on Thursday morning, MarketBeat Ratings reports.

C&C Group Trading Up 0.1 %

Shares of CCR opened at GBX 150.40 ($1.91) on Thursday. C&C Group has a twelve month low of GBX 137.20 ($1.74) and a twelve month high of GBX 178.20 ($2.26). The company has a market cap of £575.54 million, a P/E ratio of -625.83, a P/E/G ratio of 5.61 and a beta of 1.26. The company has a current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of 56.01. The company’s fifty day simple moving average is GBX 152.28 and its 200-day simple moving average is GBX 156.14.

C&C Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 14th will be paid a €0.02 ($0.02) dividend. This represents a yield of 1.03%. The ex-dividend date is Thursday, November 14th. C&C Group’s dividend payout ratio is presently -2,083.33%.

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.