C&C Group (LON:CCR) Stock Price Down 3.9% – Should You Sell?

C&C Group plc (LON:CCR) shares traded down 3.9% during mid-day trading on Thursday . The company traded as low as GBX 94.90 and last traded at GBX 97.04. 1,292,073 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 2,226,828 shares. The stock had previously closed at GBX 101.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Royal Bank Of Canada dropped their price objective on shares of C&C Group from GBX 160 to GBX 130 and set a “sector perform” rating for the company in a research note on Thursday, January 29th. Shore Capital Group restated a “buy” rating on shares of C&C Group in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 130.

C&C Group Stock Performance

The firm has a market capitalization of £357.43 million, a PE ratio of 17.64, a price-to-earnings-growth ratio of 5.61 and a beta of 0.58. The company has a debt-to-equity ratio of 76.88, a quick ratio of 0.80 and a current ratio of 1.20. The company’s fifty day moving average price is GBX 114.35 and its two-hundred day moving average price is GBX 120.35.

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.