C&C Group (LON:CCR) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Shares of C&C Group plc (LON:CCRGet Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 128.36 and traded as low as GBX 108. C&C Group shares last traded at GBX 110.60, with a volume of 654,521 shares.

Analyst Ratings Changes

A number of brokerages have commented on CCR. Royal Bank Of Canada reduced their price objective 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 reaffirmed a “buy” rating on shares of C&C Group in a research report on Thursday, February 5th. One investment 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.com, C&C Group has an average rating of “Moderate Buy” and a consensus price target of GBX 130.

View Our Latest Report on C&C Group

C&C Group Trading Up 2.8%

The company has a debt-to-equity ratio of 68.14, a quick ratio of 0.80 and a current ratio of 1.11. The firm has a 50 day simple moving average of GBX 113 and a two-hundred day simple moving average of GBX 128.36. The firm has a market capitalization of £407.38 million, a P/E ratio of 20.11, a PEG ratio of 5.61 and a beta of 0.60.

Insider Activity

In other news, insider Vineet Bhalla bought 6,000 shares of the stock in a transaction dated Friday, February 6th. The stock was bought at an average price of GBX 115 per share, for a total transaction of £6,900. 5.16% of the stock is currently owned by insiders.

About C&C Group

(Get Free Report)

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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