C&C Group plc (OTCMKTS:CGPZF – Get Rating) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 322,900 shares, an increase of 78.9% from the March 15th total of 180,500 shares. Based on an average daily volume of 2,200 shares, the short-interest ratio is currently 146.8 days.
A number of equities research analysts have recently issued reports on the stock. Barclays boosted their price objective on shares of C&C Group from GBX 290 ($3.78) to GBX 300 ($3.91) in a research report on Thursday, March 17th. Berenberg Bank lowered their target price on shares of C&C Group from GBX 292 ($3.81) to GBX 288 ($3.75) in a research note on Friday, March 18th.
CGPZF opened at $2.68 on Friday. C&C Group has a fifty-two week low of $2.31 and a fifty-two week high of $4.55. The firm’s fifty day moving average is $2.69 and its 200 day moving average is $3.02.
C&C Group plc manufactures, markets, and distributes cider, beer, wine, spirits, ales, and soft drinks in the Republic of Ireland, Great Britain, and internationally. The company offers its products primarily under the Tennent's, Bulmers, and Magners brand name. It also distributes third party branded beers, wines, spirits, cider, and soft drinks.
- Get a free copy of the StockNews.com research report on C&C Group (CGPZF)
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