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

C&C Group plc (LON:CCR)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 118.47 and traded as low as GBX 91.90. C&C Group shares last traded at GBX 94.50, with a volume of 1,382,827 shares.

Analysts Set New Price Targets

Separately, Shore Capital Group reaffirmed 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 130.

C&C Group Trading Up 2.5%

The stock has a market cap of £348.08 million, a P/E ratio of 105.00, a P/E/G ratio of 5.61 and a beta of 0.58. The company has a current ratio of 1.20, a quick ratio of 0.80 and a debt-to-equity ratio of 76.88. The company has a 50-day moving average price of GBX 112.64 and a two-hundred day moving average price of GBX 118.47.

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.