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

Shares of C&C Group plc (LON:CCR - Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 149.10 ($1.93) and traded as low as GBX 125 ($1.62). C&C Group shares last traded at GBX 126 ($1.63), with a volume of 1,657,131 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a "buy" rating on shares of C&C Group in a report on Thursday, March 13th.

C&C Group Stock Performance

The business's fifty day moving average price is GBX 143.37 and its 200-day moving average price is GBX 148.88. 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 stock has a market capitalization of £570.65 million, a PE ratio of -5.26, a P/E/G ratio of 5.61 and a beta of 1.26.

Insiders Place Their Bets

In other C&C Group news, insider Roger Alexander White bought 100,000 shares of C&C Group stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average cost of GBX 121 ($1.56) per share, for a total transaction of £121,000 ($156,350.95). 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.