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

C&C Group plc (LON:CCR)’s stock price crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of GBX 105.39 and traded as low as GBX 101. C&C Group shares last traded at GBX 102, with a volume of 660,874 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group restated a “buy” rating and set a GBX 138 target price on shares of C&C Group in a report on Wednesday, September 16th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 134.

C&C Group Stock Up 1.0%

The business has a 50 day moving average of GBX 98.63 and a two-hundred day moving average of GBX 105.39. The stock has a market capitalization of £381.70 million, a PE ratio of 115.11, a PEG ratio of 5.61 and a beta of 0.56. The company has a debt-to-equity ratio of 67.44, a quick ratio of 0.80 and a current ratio of 1.13.

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.