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 lowered by equities research analysts at Royal Bank Of Canada from GBX 160 to GBX 130 in a research report issued on Thursday, Marketbeat Ratings reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 19.27% from the company’s previous close.

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

Read Our Latest Report on C&C Group

C&C Group Trading Down 0.4%

CCR stock opened at GBX 109 on Thursday. 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 has a 12-month low of GBX 105.20 and a 12-month high of GBX 184.59. The stock has a market cap of £401.48 million, a price-to-earnings ratio of 19.82, a PEG ratio of 5.61 and a beta of 1.26. The business’s 50-day moving average is GBX 128.24 and its 200 day moving average is GBX 145.85.

C&C Group Company Profile

(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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