Royal Bank Of Canada Issues Pessimistic Forecast for C&C Group (LON:CCR) Stock Price

C&C Group (LON:CCRGet Free Report) had its target price cut by research analysts at Royal Bank Of Canada from GBX 160 to GBX 130 in a report issued on Thursday,Digital Look reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 18.40% from the company’s current price.

Separately, Shore Capital restated a “buy” rating on shares of C&C Group in a research report on Tuesday, October 28th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, C&C Group has a consensus rating of “Moderate Buy” and an average target price of GBX 130.

View Our Latest Research Report on C&C Group

C&C Group Stock Performance

LON:CCR traded down GBX 0.40 on Thursday, hitting GBX 109.80. The stock had a trading volume of 1,215,181 shares, compared to its average volume of 858,632. The business’s 50-day simple moving average is GBX 129.03 and its two-hundred day simple moving average is GBX 146.53. The stock has a market cap of £404.43 million, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 5.61 and a beta of 1.26. C&C Group has a 52-week low of GBX 105.20 and a 52-week high of GBX 184.59. The company has a quick ratio of 0.80, a current ratio of 1.16 and a debt-to-equity ratio of 56.01.

About C&C Group

(Get Free Report)

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.

Further Reading

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