C&C Group (LON:CCR) Stock Passes Below 200-Day Moving Average – Here’s Why

Shares of C&C Group plc (LON:CCR) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 112.39 and traded as low as GBX 85.40. C&C Group shares last traded at GBX 89.04, with a volume of 781,281 shares trading hands.

Wall Street Analyst Weigh In

Separately, Shore Capital Group restated a “buy” rating on shares of C&C Group in a report on Tuesday, May 19th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 130.

C&C Group Stock Performance

The company has a market capitalization of £327.91 million, a PE ratio of 98.89, a price-to-earnings-growth ratio of 5.61 and a beta of 0.59. The company has a current ratio of 1.20, a quick ratio of 0.80 and a debt-to-equity ratio of 76.88. The business’s fifty day moving average is GBX 100.19 and its two-hundred day moving average is GBX 112.39.

C&C Group Company Profile

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.