C&C Group (LON:CCR) Stock Crosses 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 Monday . The stock has a 200-day moving average of GBX 138.56 and traded as low as GBX 111.40. C&C Group shares last traded at GBX 114.20, with a volume of 329,498 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CCR. Royal Bank Of Canada reduced their price target on shares of C&C Group from GBX 160 to GBX 130 and set a “sector perform” rating for the company in a report on Thursday, January 29th. Shore Capital Group restated a “buy” rating on shares of C&C Group in a report on Thursday, February 5th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 130.

C&C Group Trading Up 0.2%

The stock has a market cap of £421.37 million, a price-to-earnings ratio of 20.80, a P/E/G ratio of 5.61 and a beta of 1.26. The business has a 50-day simple moving average of GBX 123.96 and a two-hundred day simple moving average of GBX 138.56. The company has a debt-to-equity ratio of 56.01, a quick ratio of 0.80 and a current ratio of 1.16.

Insiders Place Their Bets

In other C&C Group news, insider Vineet Bhalla purchased 6,000 shares of the stock in a transaction on Friday, February 6th. The shares were purchased at an average cost of GBX 115 per share, for a total transaction of £6,900. Company insiders own 5.16% of the company’s stock.

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.