C&C Group (LON:CCR) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

C&C Group plc (LON:CCRGet Free Report) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 108.11 and traded as low as GBX 98.80. C&C Group shares last traded at GBX 101, with a volume of 455,429 shares.

Wall Street Analyst Weigh In

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

Read Our Latest Report on CCR

C&C Group Stock Up 1.3%

The firm’s fifty day simple moving average is GBX 95.79 and its 200-day simple moving average is GBX 107.86. The company has a market cap of £365.12 million, a PE ratio of 110.11, a P/E/G ratio of 5.61 and a beta of 0.59. The company has a quick ratio of 0.80, a current ratio of 1.20 and a debt-to-equity ratio of 76.88.

C&C Group Company Profile

(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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