C&C Group (LON:CCR) Trading Down 18.7% - Here's What Happened

C&C Group plc (LON:CCR - Get Free Report) fell 18.7% on Thursday . The stock traded as low as GBX 116.20 ($1.50) and last traded at GBX 120.19 ($1.55). 21,797,490 shares traded hands during mid-day trading, an increase of 1,071% from the average session volume of 1,861,864 shares. The stock had previously closed at GBX 147.80 ($1.91).

Analysts Set New Price Targets

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

C&C Group Stock Performance

The company has a market cap of £557.94 million, a PE ratio of -5.15, a PEG ratio of 5.61 and a beta of 1.26. The company has a debt-to-equity ratio of 56.01, a quick ratio of 0.80 and a current ratio of 1.16. The firm's 50 day moving average is GBX 145.73 and its 200-day moving average is GBX 150.17.

Insider Transactions at C&C Group

In other news, insider Roger Alexander White purchased 100,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of GBX 121 ($1.56) per share, with a total value of £121,000 ($156,411.58). Also, insider Angela Bromfield purchased 13,439 shares of the business's stock in a transaction dated Wednesday, December 18th. The shares were purchased at an average price of GBX 147 ($1.90) per share, with a total value of £19,755.33 ($25,536.88). 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.