C&C Group plc (LON:CCR – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 128.36 and traded as low as GBX 108. C&C Group shares last traded at GBX 110.60, with a volume of 654,521 shares changing hands.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on CCR. Shore Capital Group restated a “buy” rating on shares of C&C Group in a research report on Thursday, February 5th. Royal Bank Of Canada lowered 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. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 130.
Get Our Latest Stock Report on CCR
C&C Group Stock Up 2.8%
Insiders Place Their Bets
In related news, insider Vineet Bhalla acquired 6,000 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were purchased at an average price of GBX 115 per share, for a total transaction of £6,900. Company insiders own 5.16% of the company’s stock.
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.
See Also
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