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

C&C Group plc (LON:CCR)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 109.30 and traded as low as GBX 100.20. C&C Group shares last traded at GBX 103.20, with a volume of 690,319 shares trading hands.

Analyst Ratings Changes

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

C&C Group Stock Down 1.7%

The firm’s fifty day moving average price is GBX 96.55 and its 200-day moving average price is GBX 109.12. The company has a current ratio of 1.20, a quick ratio of 0.80 and a debt-to-equity ratio of 76.88. The company has a market cap of £390.54 million, a price-to-earnings ratio of 117.78, a price-to-earnings-growth ratio of 5.61 and a beta of 0.59.

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.