C&C Group (LON:CCR) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

C&C Group plc (LON:CCR) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 112 and traded as high as GBX 117.40. C&C Group shares last traded at GBX 117.20, with a volume of 24,473,988 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CCR shares. Royal Bank Of Canada dropped their price objective on 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 Thursday, February 5th. One research 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, C&C Group has an average rating of “Moderate Buy” and a consensus price target of GBX 130.

C&C Group Stock Up 5.7%

The company has a debt-to-equity ratio of 68.14, a current ratio of 1.11 and a quick ratio of 0.80. The business has a 50 day moving average price of GBX 112.43 and a 200 day moving average price of GBX 125.53. The firm has a market capitalization of £450.10 million, a P/E ratio of 22.22, a price-to-earnings-growth ratio of 5.61 and a beta of 0.60.

Insider Activity at C&C Group

In other C&C Group news, insider Vineet Bhalla acquired 6,000 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were acquired at an average cost of GBX 115 per share, for a total transaction of £6,900. Insiders own 5.16% of the company’s stock.

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.