C&C Group (LON:CCR) Stock Crosses Below 200 Day Moving Average – What’s Next?

C&C Group plc (LON:CCR) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 110.84 and traded as low as GBX 98.20. C&C Group shares last traded at GBX 99.80, with a volume of 791,058 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital Group reissued a “buy” rating on shares of C&C Group in a research note on Tuesday, May 19th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, C&C Group has an average rating of “Moderate Buy” and an average target price of GBX 130.

C&C Group Stock Up 0.5%

The firm has a market capitalization of £367.70 million, a PE ratio of 110.89, a P/E/G ratio of 5.61 and a beta of 0.59. The company has a debt-to-equity ratio of 76.88, a current ratio of 1.20 and a quick ratio of 0.80. The company has a 50-day moving average price of GBX 97.54 and a 200 day moving average price of GBX 110.84.

C&C Group Company Profile

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.