C&C Group (LON:CCR) Shares Up 13.5% – Still a Buy?

C&C Group plc (LON:CCR) traded up 13.5% on Friday . The company traded as high as GBX 101.20 and last traded at GBX 101.20. Approximately 14,295,993 shares changed hands during mid-day trading, an increase of 318% from the average daily volume of 3,416,438 shares. The stock had previously closed at GBX 89.20.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group restated a “buy” rating on shares of C&C Group in a research note on Tuesday, May 19th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 130.

C&C Group Stock Performance

The company has a quick ratio of 0.80, a current ratio of 1.20 and a debt-to-equity ratio of 76.88. The company has a market cap of £372.86 million, a P/E ratio of 112.44, a P/E/G ratio of 5.61 and a beta of 0.59. The business has a fifty day simple moving average of GBX 95.86 and a two-hundred day simple moving average of GBX 103.83.

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.