C&C Group (LON:CCR) Share Price Breaks Below Two Hundred Day Moving Average – Time to Sell?

C&C Group plc (LON:CCR)’s share price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 102.47 and traded as low as GBX 94.10. C&C Group shares last traded at GBX 97.50, with a volume of 415,143 shares traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reiterated a “buy” rating and issued a GBX 138 price objective on shares of C&C Group in a research report on Wednesday, September 16th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 134.

C&C Group Trading Up 2.2%

The stock has a market cap of £359.23 million, a P/E ratio of 108.33, a P/E/G ratio of 5.61 and a beta of 0.59. 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 stock has a 50-day moving average price of GBX 97.59 and a 200-day moving average price of GBX 102.47.

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.