C&C Group (LON:CCR) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

C&C Group plc (LON:CCR)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 149.69 and traded as low as GBX 128.20. C&C Group shares last traded at GBX 132, with a volume of 221,295 shares.

Analysts Set New Price Targets

Separately, Shore Capital reissued a “buy” rating on shares of C&C Group in a report on Tuesday, October 28th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, C&C Group has a consensus rating of “Buy”.

C&C Group Stock Performance

The company has a quick ratio of 0.80, a current ratio of 1.16 and a debt-to-equity ratio of 56.01. The company’s 50-day moving average is GBX 131.45 and its two-hundred day moving average is GBX 149.69. The company has a market capitalization of £464.84 million, a P/E ratio of 22.95, a PEG ratio of 5.61 and a beta of 1.26.

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.