C&C Group (LON:CCR) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Shares of C&C Group plc (LON:CCR) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 151.14 ($1.92) and traded as low as GBX 149.80 ($1.90). C&C Group shares last traded at GBX 150.60 ($1.91), with a volume of 836,499 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital restated a “buy” rating on shares of C&C Group in a research report on Thursday, December 12th.

C&C Group Trading Up 0.5 %

The firm has a market cap of £686.77 million, a PE ratio of -6.33, a PEG ratio of 5.61 and a beta of 1.26. The business has a 50-day moving average price of GBX 146.93 and a two-hundred day moving average price of GBX 151.14. The company has a debt-to-equity ratio of 56.01, a current ratio of 1.16 and a quick ratio of 0.80.

Insider Activity at C&C Group

In related news, insider Angela Bromfield acquired 13,439 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were acquired at an average price of GBX 147 ($1.86) per share, with a total value of £19,755.33 ($25,038.44). Also, insider Ralph Findlay acquired 66,183 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were bought at an average cost of GBX 150 ($1.90) per share, for a total transaction of £99,274.50 ($125,823.19). Corporate insiders own 3.38% of the company’s stock.

C&C Group Company Profile

C&C Group plc manufactures, markets, and distributes beer, cider, wine, spirits, and soft drinks in the Republic of Ireland, Great Britain, and internationally. The company offers its products primarily under the Tennent's, Bulmers, Magners, Orchard Pig, Heverlee, 5 Lamps, Fête, Blackthorn, Seven Summits, Dowd's Lane, Chaplin & Cork's, Celedonia Best, and Addlestones brand name.