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

C&C Group plc (LON:CCR) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 115.62 and traded as low as GBX 93. C&C Group shares last traded at GBX 93.74, with a volume of 1,698,748 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reaffirmed a “buy” rating on shares of C&C Group in a research note on Tuesday, May 19th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 130.

C&C Group Price Performance

The company has a current ratio of 1.20, a quick ratio of 0.80 and a debt-to-equity ratio of 76.88. The company has a market capitalization of £345.29 million, a PE ratio of 104.16, a price-to-earnings-growth ratio of 5.61 and a beta of 1.16. The stock’s 50-day moving average is GBX 107.60 and its two-hundred day moving average is GBX 115.62.

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.