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

C&C Group plc (LON:CCR) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 152.92 and traded as low as GBX 133.40. C&C Group shares last traded at GBX 134.20, with a volume of 162,168 shares changing hands.

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a “buy” rating on shares of C&C Group in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy”.

C&C Group Stock Performance

The stock has a market capitalization of £494.30 million, a P/E ratio of 24.40, a price-to-earnings-growth ratio of 5.61 and a beta of 1.26. The company has a current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of 56.01. The company has a 50-day moving average price of GBX 132.70 and a two-hundred day moving average price of GBX 152.92.

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.