C&C Group (LON:CCR) Share Price Passes Below 200-Day Moving Average – Here’s Why

C&C Group plc (LON:CCR) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 138.56 and traded as low as GBX 111.40. C&C Group shares last traded at GBX 114.20, with a volume of 329,498 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Royal Bank Of Canada decreased their price target on C&C Group from GBX 160 to GBX 130 and set a “sector perform” rating for the company 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 research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 130.

C&C Group Price Performance

The business has a fifty day moving average of GBX 123.96 and a 200 day moving average of GBX 138.56. The firm has a market cap of £421.37 million, a P/E ratio of 20.80, a PEG ratio of 5.61 and a beta of 1.26. The company has a quick ratio of 0.80, a current ratio of 1.16 and a debt-to-equity ratio of 56.01.

Insider Activity at C&C Group

In other C&C Group news, insider Vineet Bhalla bought 6,000 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were acquired at an average cost of GBX 115 per share, with a total value of £6,900. Corporate insiders own 5.16% of the company’s stock.

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.