C&C Group (LON:CCR) Shares Cross Below 200-Day Moving Average – Time to Sell?

Shares of C&C Group plc (LON:CCR) crossed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of GBX 104.32 and traded as low as GBX 103.40. C&C Group shares last traded at GBX 104.07, with a volume of 239,513 shares changing hands.

Analyst Ratings Changes

Separately, Shore Capital Group reiterated a “buy” rating and issued a GBX 138 price target on shares of C&C Group in a research note on Wednesday, September 16th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 134.

C&C Group Trading Down 0.1%

The stock’s fifty day simple moving average is GBX 100.73 and its 200 day simple moving average is GBX 104.32. The firm has a market capitalization of £382.94 million, a PE ratio of 94.49, a PEG ratio of 5.61 and a beta of 0.56. The company has a quick ratio of 0.80, a current ratio of 1.13 and a debt-to-equity ratio of 67.44.

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.