C&C Group (LON:CCR) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Shares of C&C Group plc (LON:CCR) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 130.99 and traded as low as GBX 104.20. C&C Group shares last traded at GBX 104.76, with a volume of 6,744,929 shares.

Wall Street Analyst Weigh In

CCR has been the subject of a number of analyst reports. Royal Bank Of Canada reduced their target price on shares of C&C Group from GBX 160 to GBX 130 and set a “sector perform” rating for the company in a research note on Thursday, January 29th. Shore Capital Group restated a “buy” rating on shares of C&C Group in a research note on Thursday, February 5th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 130.

C&C Group Stock Up 0.7%

The company has a current ratio of 1.11, a quick ratio of 0.80 and a debt-to-equity ratio of 68.14. The stock has a 50-day simple moving average of GBX 115.92 and a 200-day simple moving average of GBX 130.99. The company has a market cap of £385.85 million, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 5.61 and a beta of 0.60.

Insider Buying and Selling at C&C Group

In related news, insider Vineet Bhalla acquired 6,000 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were acquired at an average cost of GBX 115 per share, for a total transaction of £6,900. 5.16% of the stock is currently owned by corporate insiders.

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.