C&C Group (OTCMKTS:CGPZF) Trading Up 1.7% – Still a Buy?

C&C Group plc (OTCMKTS:CGPZF)’s share price rose 1.7% during trading on Tuesday . The stock traded as high as $1.8250 and last traded at $1.82. Approximately 24,667 shares changed hands during trading, an increase of 103% from the average daily volume of 12,167 shares. The stock had previously closed at $1.79.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada initiated coverage on shares of C&C Group in a research note on Wednesday, September 24th. They issued a “sector perform” rating for the company. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

C&C Group Trading Up 1.7%

The business has a fifty day moving average of $1.76 and a 200-day moving average of $2.03.

C&C Group Company Profile

C&C Group plc is an Ireland‐based beverages company specializing in the production, marketing and distribution of cider, beer and other alcoholic beverages. The group’s core portfolio features internationally recognized cider brands such as Bulmers and Magners, alongside licensed beer offerings including Tennent’s Lager. In addition to its owned brands, C&C Group provides contract manufacturing and co-packing services for third-party beverage producers, supporting a broad range of alcoholic and soft drink labels.

With headquarters in Dublin, C&C Group operates manufacturing sites in Clonmel and Galway, Ireland, and maintains distribution facilities across key markets in the United Kingdom, the United States and Australia.