C&C Group Plc 18.4% potential upside indicated by Deutsche

C&C Group Plc with ticker (LON:CCR) now has a potential upside of 18.4% according to Deutsche.

CCR.L

Deutsche set a target price of 185 GBX for the company, which when compared to the C&C Group Plc share price of 156 GBX at opening today (01/07/2024) indicates a potential upside of 18.4%. Trading has ranged between 126 (52 week low) and 178 (52 week high) with an average of 933,988 shares exchanging hands daily. The market capitalisation at the time of writing is £617,359,476.

C&C Group PLC is a vertically integrated drinks company. The Company manufactures, markets and distributes branded beer, cider, wine, spirits and soft drinks across the United Kingdom and Ireland. The Company’s segments include Ireland and Great Britain (GB). The Ireland segment is engaged in the sale of the Company’s own branded products across the island of Ireland, principally Bulmers, Magners, Tennent’s, Five Lamps, Clonmel 1650, Heverlee, Dowd’s Lane, Finches and Tipperary Water. The Great Britain segment is engaged in the sale of the Company’s own branded products in Scotland, with Tennent’s, Caledonia Best, Heverlee and Magners being the main brands. This division includes the sale of its portfolio of owned cider brands across the rest of GB, including Magners, Orchard Pig, K Cider and Blackthorn, which are distributed in partnership with Budweiser Brewing Group. It distributes San Miguel and Budweiser Brewing Group’s portfolio of beer brands across the island of Ireland.