C&C Group (LON:CCR) Trading Down 3.9% – Time to Sell?

C&C Group plc (LON:CCR – Get Free Report) shares dropped 3.9% on Thursday . The company traded as low as GBX 94.90 and last traded at GBX 97.04. Approximately 1,292,073 shares were traded during trading, a decline of 42% from the average daily volume of 2,226,828 shares. The stock had previously closed at GBX 101.

Wall Street Analysts Forecast Growth

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

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View Our Latest Stock Analysis on CCR

C&C Group Stock Performance

The stock has a fifty day moving average price of GBX 113.84 and a two-hundred day moving average price of GBX 119.93. The company has a market cap of £365.39 million, a P/E ratio of 18.04, a PEG ratio of 5.61 and a beta of 0.58. The company has a debt-to-equity ratio of 76.88, a current ratio of 1.20 and a quick ratio of 0.80.

About C&C Group

(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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