C&C Group (LON:CCR) Trading Down 9.3% – Here’s Why

C&C Group plc (LON:CCR)’s share price fell 9.3% during mid-day trading on Friday . The stock traded as low as GBX 105.20 and last traded at GBX 116.65. 2,543,067 shares changed hands during trading, an increase of 237% from the average session volume of 754,543 shares. The stock had previously closed at GBX 128.60.

Analysts Set New Price Targets

Separately, Shore Capital reissued a “buy” rating on shares of C&C Group in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

C&C Group Stock Performance

The company’s fifty day simple moving average is GBX 130.55 and its two-hundred day simple moving average is GBX 148.25. The company has a market capitalization of £429.65 million, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 5.61 and a beta of 1.26. The company has a debt-to-equity ratio of 56.01, a quick ratio of 0.80 and a current ratio of 1.16.

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.