C&C Group (LON:CCR) Stock Passes Below Two Hundred Day Moving Average - What's Next?

C&C Group plc (LON:CCR - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 151.87 ($1.88) and traded as low as GBX 147.40 ($1.83). C&C Group shares last traded at GBX 148.40 ($1.84), with a volume of 487,355 shares changing hands.

Analysts Set New Price Targets

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

C&C Group Stock Up 0.5 %

The firm has a fifty day simple moving average of GBX 146.53 and a 200-day simple moving average of GBX 151.82. The company has a market capitalization of £570.94 million, a P/E ratio of -621.67, a P/E/G ratio of 5.61 and a beta of 1.26. The company has a quick ratio of 0.80, a current ratio of 1.16 and a debt-to-equity ratio of 56.01.

Insiders Place Their Bets

In other news, insider Angela Bromfield bought 13,439 shares of the stock in a transaction dated Wednesday, December 18th. The shares were bought at an average price of GBX 147 ($1.82) per share, for a total transaction of £19,755.33 ($24,479.96). Also, insider Ralph Findlay acquired 66,183 shares of the stock in a transaction on Monday, December 16th. The shares were bought at an average price of GBX 150 ($1.86) per share, for a total transaction of £99,274.50 ($123,016.73). Corporate insiders own 3.38% of the company's stock.

About C&C Group

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.