C&C Group plc (LON:CCR – Get Free Report)’s stock price passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 105.39 and traded as low as GBX 101. C&C Group shares last traded at GBX 102, with a volume of 660,874 shares changing hands.
Analysts Set New Price Targets
Separately, Shore Capital Group restated a “buy” rating and set a GBX 138 price objective on shares of C&C Group in a research note on Wednesday, September 16th. One investment 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, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 134.
Read Our Latest Stock Analysis on CCR
C&C Group Price Performance
The company has a market cap of £380.23 million, a PE ratio of 114.67, a price-to-earnings-growth ratio of 5.61 and a beta of 0.56. The business’s 50 day moving average price is GBX 98.89 and its 200-day moving average price is GBX 105.26. The company has a quick ratio of 0.80, a current ratio of 1.13 and a debt-to-equity ratio of 67.44.
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.
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