C&C Group (LON:CCR) Stock Price Down 18.7% - Should You Sell?

C&C Group plc (LON:CCR - Get Free Report) was down 18.7% on Thursday . The company traded as low as GBX 116.20 ($1.51) and last traded at GBX 120.19 ($1.56). Approximately 21,797,490 shares changed hands during trading, an increase of 1,071% from the average daily volume of 1,861,864 shares. The stock had previously closed at GBX 147.80 ($1.92).

Analysts Set New Price Targets

Separately, Shore Capital reissued a "buy" rating on shares of C&C Group in a research report on Thursday.

C&C Group Price Performance

The firm has a fifty day moving average price of GBX 145.21 and a two-hundred day moving average price of GBX 149.94. The company has a quick ratio of 0.80, a current ratio of 1.16 and a debt-to-equity ratio of 56.01. The stock has a market capitalization of £557.94 million, a P/E ratio of -5.15, a P/E/G ratio of 5.61 and a beta of 1.26.

Insider Buying and Selling at C&C Group

In other C&C Group news, insider Angela Bromfield purchased 13,439 shares of the stock in a transaction dated Wednesday, December 18th. The shares were purchased at an average cost of GBX 147 ($1.91) per share, with a total value of £19,755.33 ($25,659.61). Also, insider Roger Alexander White acquired 100,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of GBX 121 ($1.57) per share, for a total transaction of £121,000 ($157,163.27). 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.