C&C Group (OTCMKTS:CGPZF) Stock Price Up 2.4% – Here’s Why

C&C Group plc (OTCMKTS:CGPZF)’s stock price traded up 2.4% during mid-day trading on Wednesday . The company traded as high as $1.72 and last traded at $1.72. 3,000 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 7,727 shares. The stock had previously closed at $1.68.

Wall Street Analyst Weigh In

Several research analysts have commented on CGPZF shares. Royal Bank Of Canada initiated coverage on shares of C&C Group in a research report on Wednesday, September 24th. They set a “sector perform” rating for the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of C&C Group in a report on Friday, August 15th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

C&C Group Price Performance

The business has a fifty day simple moving average of $1.89 and a 200-day simple moving average of $2.09.

About C&C Group

C&C Group plc manufactures, markets, and distributes beer, cider, wine, spirits, and soft drinks in the Republic of Ireland, Great Britain, and internationally. The company offers its products primarily under the Tennent's, Bulmers, Magners, Orchard Pig, Heverlee, 5 Lamps, Fête, Blackthorn, Seven Summits, Dowd's Lane, Chaplin & Cork's, Celedonia Best, and Addlestones brand name.