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

C&C Group plc (LON:CCR)’s share price fell 3.9% during trading on Thursday . The company traded as low as GBX 94.90 and last traded at GBX 97.04. 1,292,073 shares traded 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 Upgrades and Downgrades

A number of equities analysts have recently commented on CCR shares. Royal Bank Of Canada cut 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 research note on Thursday, January 29th. Shore Capital Group reiterated a “buy” rating on shares of C&C Group in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 130.

C&C Group Trading Down 3.9%

The company has a market cap of £357.43 million, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 5.61 and a beta of 0.58. The firm has a 50-day moving average price of GBX 114.35 and a 200 day moving average price of GBX 120.35. The company has a current ratio of 1.20, a quick ratio of 0.80 and a debt-to-equity ratio of 76.88.

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.