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

C&C Group plc (LON:CCR)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 122.83 and traded as low as GBX 110. C&C Group shares last traded at GBX 111.43, with a volume of 309,958 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CCR shares. Shore Capital Group reiterated a “buy” rating on shares of C&C Group in a research report on Thursday, February 5th. Royal Bank Of Canada reduced 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. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 130.

C&C Group Stock Up 0.0%

The company has a debt-to-equity ratio of 68.14, a quick ratio of 0.80 and a current ratio of 1.11. The company has a market cap of £410.44 million, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 5.61 and a beta of 0.58. The stock’s fifty day moving average is GBX 114.95 and its two-hundred day moving average is GBX 122.83.

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.