C&C Group (LON:CCR) Sets New 1-Year Low – Here’s What Happened

Posted by Adam Masters on Jan 9th, 2025

Shares of C&C Group plc (LON:CCR – Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 141.20 ($1.75) and last traded at GBX 143 ($1.77), with a volume of 245540 shares trading hands. The stock had previously closed at GBX 143.80 ($1.78).

Analyst Ratings Changes

Separately, Shore Capital restated a “buy” rating on shares of C&C Group in a research report on Thursday, December 12th.

View Our Latest Analysis on CCR

C&C Group Stock Down 0.6 %

The firm’s 50 day simple moving average is GBX 147.64 and its 200 day simple moving average is GBX 154.09. The company has a market cap of £547.22 million, a price-to-earnings ratio of -595.83, a price-to-earnings-growth ratio of 5.61 and a beta of 1.26. The company has a quick ratio of 0.80, a current ratio of 1.16 and a debt-to-equity ratio of 56.01.

C&C Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 13th. Shareholders of record on Thursday, November 14th were paid a dividend of €0.02 ($0.02) per share. This represents a yield of 1.03%. The ex-dividend date of this dividend was Thursday, November 14th. C&C Group’s payout ratio is currently -2,083.33%.

Insiders Place Their Bets

In related news, insider Ralph Findlay acquired 66,183 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average price of GBX 150 ($1.85) per share, for a total transaction of £99,274.50 ($122,712.61). Also, insider Angela Bromfield bought 13,439 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was purchased at an average price of GBX 147 ($1.82) per share, with a total value of £19,755.33 ($24,419.44). 3.38% of the stock is currently owned by insiders.

C&C Group Company Profile

(Get Free Report)

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.