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

C&C Group (LON:CCR)‘s stock had its “buy” rating reaffirmed by investment analysts at Shore Capital Group in a research report issued to clients and investors on Wednesday, London Stock Exchange reports. They currently have a GBX 138 target price on the stock. Shore Capital Group’s price objective points to a potential upside of 33.00% from the company’s current price.

C&C Group Stock Performance

Shares of C&C Group stock opened at GBX 103.76 on Wednesday. The firm has a market cap of £382.29 million, a P/E ratio of 115.29, a P/E/G ratio of 5.61 and a beta of 0.59. The company has a current ratio of 1.20, a quick ratio of 0.80 and a debt-to-equity ratio of 76.88. C&C Group has a 12 month low of GBX 85.40 and a 12 month high of GBX 164. The stock’s fifty day moving average price is GBX 96.35 and its 200-day moving average price is GBX 103.56.

C&C Group Company Profile

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.