C&C Group plc (LON:CCR) Insider Patrick McMahon Purchases 88 Shares

Posted by Defense World Staff on Jul 19th, 2023

C&C Group plc (LON:CCR – Get Free Report) insider Patrick McMahon bought 88 shares of the stock in a transaction on Monday, July 17th. The stock was purchased at an average cost of GBX 139 ($1.82) per share, for a total transaction of £122.32 ($159.94).

Patrick McMahon also recently made the following trade(s):

On Friday, June 16th, Patrick McMahon purchased 90 shares of C&C Group stock. The stock was bought at an average price of GBX 136 ($1.78) per share, with a total value of £122.40 ($160.04).
On Wednesday, May 24th, Patrick McMahon purchased 20,000 shares of C&C Group stock. The stock was bought at an average price of GBX 132 ($1.73) per share, with a total value of £26,400 ($34,518.83).
On Tuesday, May 16th, Patrick McMahon bought 80 shares of C&C Group stock. The shares were acquired at an average price of GBX 154 ($2.01) per share, with a total value of £123.20 ($161.09).

C&C Group Price Performance

LON:CCR opened at GBX 137.80 ($1.80) on Wednesday. The firm has a market capitalization of £541.53 million, a price-to-earnings ratio of 1,252.73, a PEG ratio of 5.61 and a beta of 1.37. C&C Group plc has a 1 year low of GBX 120.40 ($1.57) and a 1 year high of GBX 201.20 ($2.63). The business has a 50 day simple moving average of GBX 5,770.46 and a 200-day simple moving average of GBX 2,033.95. The company has a debt-to-equity ratio of 36.26, a current ratio of 0.93 and a quick ratio of 0.80.

C&C Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, July 21st. Stockholders of record on Thursday, June 8th will be given a dividend of €0.04 ($0.04) per share. The ex-dividend date of this dividend is Thursday, June 8th. This represents a dividend yield of 2.4%. C&C Group’s dividend payout ratio (DPR) is 2,727.27%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Shore Capital reiterated a “buy” rating on shares of C&C Group in a research report on Thursday, March 23rd. Barclays restated an “overweight” rating and set a GBX 200 ($2.62) price target on shares of C&C Group in a report on Thursday, May 25th.

About C&C Group

(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.