C&C Group (CDI) (CCR)

Sector:

Beverages

Index:

FTSE 250

163.80p
   
  • Change Today:
      2.60p
  • 52 Week High: 164.60
  • 52 Week Low: 123.40
  • Currency: UK Pounds
  • Shares Issued: 391.76m
  • Volume: 330,164
  • Market Cap: £641.71m
  • RiskGrade: 222

Berenberg raises target price on brewer C&C Group

By Iain Gilbert

Date: Wednesday 10 Jun 2020

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg upped their target price on brewer C&C Group from 182.0p to 204.0p on Wednesday but cautioned that the firm's "road to recovery" was not yet clear.
Berenberg said C&C's results for the year ended 29 February, largely pre-Covid-19, beat consensus by 1% on group organic profit growth. However, Berenberg questioned the fact that despite the solid showing, no new guidance was given for 2021.

As such, to help gauge the shape of C&C following the lockdown, the analysts took a closer look at its state upon entering lockdown.

"In combination with company commentary on April and May trading conditions, we note that not only did the group's core markets enter lockdown under pressure, but off-trade volumes have not offset the near-total shutdown of the on-trade during it (c80% of C&C's FY20 net sales)," said Berenberg.

However, the German bank said the shares were "cheap" on a 10.8x enterprise value to earnings before income and tax ratio for calendar year 2021, even after the 20% rally since C&C's full-year results.

"However, we remain holders, as questions remain about who will become the new CEO, the pace and shape of the UK recovery, as well as the margin implications of the company's increasing focus on the UK off-trade."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

C&C Group (CDI) Market Data

Currency UK Pounds
Share Price 163.80p
Change Today 2.60p
% Change 1.61 %
52 Week High 164.60
52 Week Low 123.40
Volume 330,164
Shares Issued 391.76m
Market Cap £641.71m
RiskGrade 222

C&C Group (CDI) Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
29.5% below the market average29.5% below the market average29.5% below the market average29.5% below the market average29.5% below the market average
55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average
Price Trend
2.06% below the market average2.06% below the market average2.06% below the market average2.06% below the market average2.06% below the market average
40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average
Income
30.39% above the market average30.39% above the market average30.39% above the market average30.39% above the market average30.39% above the market average
Sector averageSector averageSector averageSector averageSector average
Growth
7.58% above the market average7.58% above the market average7.58% above the market average7.58% above the market average7.58% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

C&C Group (CDI) Dividends

  Latest Previous
  Interim Final
Ex-Div 09-Nov-23 08-Jun-23
Paid 01-Dec-23 21-Jul-23
Amount 1.89¢ 3.79¢

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 79,393 @ 163.80p
16:35 391 @ 163.80p
16:35 595 @ 163.80p
16:35 238 @ 163.80p
16:35 976 @ 163.80p

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