C&C Group (LON:CCR) Share Price Passes Below 200-Day Moving Average – Should You Sell?

C&C Group plc (LON:CCR)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 154.24 and traded as low as GBX 129.20. C&C Group shares last traded at GBX 134.60, with a volume of 298,757 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a “buy” rating on shares of C&C Group in a research note on Tuesday, October 28th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, C&C Group currently has a consensus rating of “Buy”.

C&C Group Stock Up 0.3%

The company’s 50 day moving average is GBX 132.95 and its 200 day moving average is GBX 154.05. The company has a market cap of £497.25 million, a PE ratio of 24.55, a P/E/G ratio of 5.61 and a beta of 1.26. The company has a current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of 56.01.

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.