C&C Group (LON:CCR) Stock Crosses Below 200 Day Moving Average – Should You Sell?
by Jessica Moore · The Cerbat GemC&C Group plc (LON:CCR – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 123.83 and traded as low as GBX 114.60. C&C Group shares last traded at GBX 119, with a volume of 7,436,946 shares trading hands.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on CCR shares. Shore Capital Group reaffirmed a “buy” rating on shares of C&C Group in a report on Thursday, February 5th. Royal Bank Of Canada lowered their target price on shares of C&C Group from GBX 160 to GBX 130 and set a “sector perform” rating on the stock in a report on Thursday, January 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 130.
View Our Latest Stock Report on CCR
C&C Group Stock Up 1.2%
The company has a market capitalization of £438.32 million, a PE ratio of 21.64, a price-to-earnings-growth ratio of 5.61 and a beta of 0.57. The firm’s 50-day simple moving average is GBX 114.93 and its 200 day simple moving average is GBX 123.74. The company has a debt-to-equity ratio of 68.14, a quick ratio of 0.80 and a current ratio of 1.11.
Insider Buying and Selling at C&C Group
In related news, insider Vineet Bhalla purchased 6,000 shares of the stock in a transaction dated Friday, February 6th. The shares were acquired at an average cost of GBX 115 per share, with a total value of £6,900. 5.16% of the stock is currently owned by company insiders.
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.