Shares of C&C Group plc (LON:CCR – Get 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%
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
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.
See Also
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