C&C Group (LON:CCR) Stock Price Crosses Below Two Hundred Day Moving Average - Time to Sell?

C&C Group plc (LON:CCR - Get Free Report) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 152.42 ($1.87) and traded as low as GBX 143 ($1.76). C&C Group shares last traded at GBX 144.20 ($1.77), with a volume of 231,133 shares.

Analysts Set New Price Targets

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

C&C Group Price Performance

The firm has a market capitalization of £548.75 million, a P/E ratio of -597.50, a PEG ratio of 5.61 and a beta of 1.26. The company has a debt-to-equity ratio of 56.01, a current ratio of 1.16 and a quick ratio of 0.80. The company's 50 day moving average price is GBX 146.85 and its 200 day moving average price is GBX 152.30.

Insider Activity

In other C&C Group news, insider Angela Bromfield acquired 13,439 shares of the company's stock in a transaction on Wednesday, December 18th. The shares were purchased at an average price of GBX 147 ($1.81) per share, for a total transaction of £19,755.33 ($24,272.43). Also, insider Ralph Findlay bought 66,183 shares of C&C Group stock in a transaction dated Monday, December 16th. The shares were acquired at an average price of GBX 150 ($1.84) per share, with a total value of £99,274.50 ($121,973.83). 3.38% of the stock is owned by company insiders.

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.