C&C Group plc (LON:CCR – Get 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%
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
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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