Market's view on C&C Group
Published on April 2024
- Stock watchers are tracking C&C Group PLC with interest due to recent developments including the resignation of Michael Saunders.
- C&C Group is perceived as good value currently, prompting further research and consideration for investment.
- There is a belief that there is an excellent entry opportunity for C&C Group, especially following their reaffirmation of an operating profit forecast of EUR 84 million and the reinstatement of dividends.
- Some watchers reminisce about C&C products like Kali Water and Icecream soda and ponder whether shareholders get discounts.
- C&C Group PLC operates across the UK and Ireland in branded beverage manufacturing and distribution, showing strong operating profits and significant reductions in net debt.
- Positive sentiment surrounds C&C Group’s prospects, particularly post-COVID, with expectations of increased consumption during the summer.
- C&C Group’s stock reached below £2, which was unexpected, signaling potential undervaluation.
- Expectations are set for the stock price to reach 300p, with significant improvement in market conditions.
- The company’s strategic focus on large accounts and self-production of CO2 is highlighted, potentially insulating it from external supply issues.
- Concerns are expressed about supply chain disruptions and their impacts on meeting customer demands, despite positive official updates.
- C&C Group’s logistics position is considered strong, possibly providing an advantage over competitors facing supply chain challenges.