C&C Group (LON:CCR) Shares Cross Below 200-Day Moving Average – Time to Sell?

C&C Group plc (LON:CCR)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 148.38 and traded as low as GBX 126.89. C&C Group shares last traded at GBX 127.80, with a volume of 6,255,429 shares.

Analyst Ratings Changes

Separately, Shore Capital reiterated a “buy” rating on shares of C&C Group in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, C&C Group presently has a consensus rating of “Buy”.

C&C Group Stock Up 2.2%

The firm has a market cap of £478.95 million, a price-to-earnings ratio of 23.64, a PEG ratio of 5.61 and a beta of 1.26. The business’s 50-day moving average is GBX 130.58 and its 200-day moving average is GBX 148.38. The company has a debt-to-equity ratio of 56.01, a quick ratio of 0.80 and a current ratio of 1.16.

About C&C Group

C&C Group plc is a leading, vertically integrated premium drinks company which manufactures, markets and distributes branded beer, cider, wine, spirits, and soft drinks across the UK and Ireland.

C&C Group’s portfolio of owned/exclusive brands include Bulmers, the leading Irish cider brand and Tennent’s, the leading Scottish beer brand; as well as a range of fast-growing, premium and craft ciders and beers, such as Heverlee, Menabrea, Five Lamps and Orchard Pig. C&C exports its Magners and Tennent’s brands to over 40 countries worldwide.

C&C Group has owned brand and contract manufacturing/packing operations in CoTipperary, Ireland and Glasgow, Scotland.

C&C is the No.1 drinks distributor to the UK and Ireland hospitality sectors.