C&C Group (LON:CCR) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

Shares of C&C Group plc (LON:CCR) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 112 and traded as high as GBX 117.40. C&C Group shares last traded at GBX 117.20, with a volume of 24,473,988 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Shore Capital Group reissued a “buy” rating on shares of C&C Group in a report on Thursday, February 5th. Royal Bank Of Canada decreased 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. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 130.

C&C Group Stock Up 0.9%

The company has a market cap of £431.80 million, a price-to-earnings ratio of 21.31, a price-to-earnings-growth ratio of 5.61 and a beta of 0.60. 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 firm’s fifty day moving average price is GBX 112 and its 200-day moving average price is GBX 125.80.

Insiders Place Their Bets

In related news, insider Vineet Bhalla bought 6,000 shares of C&C Group stock in a transaction that occurred on Friday, February 6th. The stock was purchased at an average cost of GBX 115 per share, with a total value of £6,900. 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.