C&C Group (LON:CCR) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

C&C Group plc (LON:CCR)’s stock price crossed 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 changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CCR shares. Royal Bank Of Canada decreased their target price on 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 note on Thursday, February 5th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 130.

C&C Group Stock Performance

The firm has a 50 day moving average of GBX 114.93 and a two-hundred day moving average of GBX 123.83. The stock has a market cap of £438.32 million, a P/E ratio of 21.64, a P/E/G ratio of 5.61 and a beta of 0.57. The company has a debt-to-equity ratio of 68.14, a quick ratio of 0.80 and a current ratio of 1.11.

Insiders Place Their Bets

In other C&C Group news, insider Vineet Bhalla bought 6,000 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was purchased at an average price of GBX 115 per share, for a total transaction of £6,900. 5.16% of the stock is currently owned by 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.