C&C Group (LON:CCR) Stock Breaks Below 200 Day Moving Average – Here’s Why

C&C Group plc (LON:CCR)’s stock price crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of GBX 102 and traded as low as GBX 101. C&C Group shares last traded at GBX 102.40, with a volume of 628,724 shares changing hands.

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 analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 134.

C&C Group Trading Down 1.2%

The business has a 50-day moving average of GBX 97.63 and a 200-day moving average of GBX 101.91. The company has a debt-to-equity ratio of 76.88, a current ratio of 1.20 and a quick ratio of 0.80. The firm has a market cap of £372.12 million, a price-to-earnings ratio of 112.22, a P/E/G ratio of 5.61 and a beta of 0.59.

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.