C&C Group (LON:CCR) Sets New 52-Week Low – Should You Sell?

C&C Group plc (LON:CCR)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 141.20 ($1.75) and last traded at GBX 143 ($1.77), with a volume of 245540 shares changing hands. The stock had previously closed at GBX 143.80 ($1.78).

Analysts Set New Price Targets

Separately, Shore Capital restated a “buy” rating on shares of C&C Group in a research note on Thursday, December 12th.

C&C Group Stock Down 0.6 %

The firm has a market cap of £547.22 million, a P/E ratio of -595.83, a PEG ratio of 5.61 and a beta of 1.26. The firm’s 50-day moving average price is GBX 147.64 and its 200 day moving average price is GBX 154.09. The company has a debt-to-equity ratio of 56.01, a current ratio of 1.16 and a quick ratio of 0.80.

C&C Group Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, December 13th. Shareholders of record on Thursday, November 14th were issued a dividend of €0.02 ($0.02) per share. This represents a yield of 1.03%. The ex-dividend date was Thursday, November 14th. C&C Group’s dividend payout ratio is presently -2,083.33%.

Insider Activity at C&C Group

In other C&C Group news, insider Angela Bromfield acquired 13,439 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was acquired at an average price of GBX 147 ($1.82) per share, with a total value of £19,755.33 ($24,419.44). Also, insider Ralph Findlay acquired 66,183 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average price of GBX 150 ($1.85) per share, for a total transaction of £99,274.50 ($122,712.61). Corporate insiders own 3.38% of the company’s stock.

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.