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

C&C Group plc (LON:CCR)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 109.30 and traded as low as GBX 100.20. C&C Group shares last traded at GBX 103.20, with a volume of 690,319 shares.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reaffirmed a “buy” rating on shares of C&C Group in a report on Tuesday, May 19th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 130.

C&C Group Trading Up 0.2%

The company has a fifty day moving average of GBX 96.57 and a 200-day moving average of GBX 109.30. The company has a current ratio of 1.20, a quick ratio of 0.80 and a debt-to-equity ratio of 76.88. The company has a market capitalization of £380.23 million, a price-to-earnings ratio of 114.67, a PEG ratio of 5.61 and a beta of 0.59.

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.