C&C Group plc (LON:CCR) Insider Buys £78,000 in Stock

C&C Group plc (LON:CCR) insider Feargal O’Rourke acquired 50,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were purchased at an average price of GBX 156 ($1.99) per share, with a total value of £78,000 ($99,591.42).

C&C Group Stock Down 1.9 %

C&C Group stock opened at GBX 153.40 ($1.96) on Monday. The company has a current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of 56.01. C&C Group plc has a 1-year low of GBX 129.60 ($1.65) and a 1-year high of GBX 178.20 ($2.28). The firm’s fifty day simple moving average is GBX 157.42 and its 200-day simple moving average is GBX 574.89. The company has a market capitalization of £589.49 million, a P/E ratio of -613.60, a P/E/G ratio of 5.61 and a beta of 1.27.

C&C Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, August 23rd. Shareholders of record on Thursday, July 18th will be issued a dividend of €0.04 ($0.04) per share. This is a positive change from C&C Group’s previous dividend of $0.02. This represents a yield of 2%. The ex-dividend date is Thursday, July 18th. C&C Group’s dividend payout ratio (DPR) is -2,000.00%.

Analyst Ratings Changes

CCR has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 185 ($2.36) target price on shares of C&C Group in a research report on Monday, June 10th. Shore Capital restated a “buy” rating on shares of C&C Group in a report on Thursday.

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.