C&C Group (LON:CCR) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

C&C Group plc (LON:CCR)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 120.58 and traded as low as GBX 102.40. C&C Group shares last traded at GBX 105.61, with a volume of 1,299,461 shares changing hands.

Analyst Ratings Changes

CCR has been the subject of a number of research analyst reports. Shore Capital Group reaffirmed a “buy” rating on shares of C&C Group in a report on Tuesday, May 19th. Royal Bank Of Canada cut their price target on C&C Group from GBX 160 to GBX 130 and set a “sector perform” rating for the company in a report on Thursday, January 29th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 130.

C&C Group Price Performance

The company has a market capitalization of £389.70 million, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 5.61 and a beta of 0.58. The company has a 50-day moving average price of GBX 114.51 and a 200-day moving average price of GBX 120.58. The company has a debt-to-equity ratio of 76.88, a quick ratio of 0.80 and a current ratio of 1.20.

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.