Feargal O’Rourke Acquires 50,000 Shares of C&C Group plc (LON:CCR) Stock

C&C Group plc (LON:CCR) insider Feargal O’Rourke purchased 50,000 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were acquired at an average price of GBX 156 ($2.03) per share, with a total value of £78,000 ($101,351.35).

C&C Group Price Performance

Shares of C&C Group stock opened at GBX 154.60 ($2.01) on Thursday. The firm has a market capitalization of £594.10 million, a PE ratio of -618.40, a price-to-earnings-growth ratio of 5.61 and a beta of 1.27. 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 12 month low of GBX 130 ($1.69) and a 12 month high of GBX 178.20 ($2.32). The business’s 50-day moving average price is GBX 157.35 and its 200-day moving average price is GBX 574.95.

C&C Group Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on CCR shares. Shore Capital reiterated a “buy” rating on shares of C&C Group in a research report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 185 ($2.40) price objective on shares of C&C Group in a research 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.