C&C Group (LON:CCR) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

C&C Group plc (LON:CCRGet Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 133.39 and traded as low as GBX 107.40. C&C Group shares last traded at GBX 110.60, with a volume of 318,312 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Royal Bank Of Canada lowered their target price on shares of C&C Group from GBX 160 to GBX 130 and set a “sector perform” rating on the stock in a research note on Thursday, January 29th. Shore Capital Group reissued a “buy” rating on shares of C&C Group in a report on Thursday, February 5th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, C&C Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 130.

View Our Latest Analysis on CCR

C&C Group Stock Up 0.4%

The company has a quick ratio of 0.80, a current ratio of 1.11 and a debt-to-equity ratio of 68.14. The company has a fifty day moving average price of GBX 117.69 and a 200-day moving average price of GBX 132.77. The stock has a market capitalization of £406.64 million, a P/E ratio of 20.07, a PEG ratio of 5.61 and a beta of 0.60.

Insiders Place Their Bets

In other news, insider Vineet Bhalla purchased 6,000 shares of the business’s stock in a transaction on Friday, February 6th. The stock was acquired at an average price of GBX 115 per share, for a total transaction of £6,900. 5.16% of the stock is owned by corporate insiders.

C&C Group Company Profile

(Get Free Report)

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.

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