C&C Group (LON:CCR) Share Price Breaks Below 200 Day Moving Average – Here’s What Happened

C&C Group plc (LON:CCR)’s share price passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 104.32 and traded as low as GBX 103.40. C&C Group shares last traded at GBX 104.07, with a volume of 239,513 shares trading hands.

Analyst Upgrades and Downgrades

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

C&C Group Price Performance

The firm’s 50-day moving average price is GBX 100.95 and its two-hundred day moving average price is GBX 104.31. The stock has a market cap of £376.60 million, a PE ratio of 92.92, a PEG ratio of 5.61 and a beta of 0.56. The company has a current ratio of 1.13, a quick ratio of 0.80 and a debt-to-equity ratio of 67.44.

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.