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Investing.com - RBC Capital initiated coverage on C&C Group PLC (LON:CCR) with a Sector Perform rating and a price target of GBP1.60 on Wednesday.
The firm cited CEO Roger White’s early strategy to stabilize and simplify operations at the company, which holds leading brand positions in Scotland’s beer market and Ireland’s cider market while leveraging its expansive UK distribution network.
RBC Capital expects C&C Group’s self-help initiatives to improve margins by approximately 15-20 basis points annually to reach about 5.2% by fiscal year 2028, though growth will likely remain in single digits due to intense competition in beer and cider markets.
The investment bank highlighted C&C Group’s 8% net free cash flow yield, which supports its €150 million shareholder returns program, making it potentially attractive for income-focused investors.
After a recent share price decline, C&C Group now trades at 11.9 times calendar 2026 estimated EV/NOPAT, below its larger peers’ average of 14.1 times, with RBC’s price target based on a 14 times multiple.
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