C&C Group plc (LON:CCR – Get Rating) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 193.94 ($2.34) and traded as low as GBX 172 ($2.08). C&C Group shares last traded at GBX 177.30 ($2.14), with a volume of 327,600 shares changing hands.
Analyst Ratings Changes
A number of research analysts recently issued reports on the stock. Shore Capital reiterated a "buy" rating on shares of C&C Group in a report on Thursday, July 7th. Barclays reiterated an "overweight" rating and issued a GBX 300 ($3.62) price objective on shares of C&C Group in a report on Tuesday, May 17th.
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C&C Group Trading Up 3.0 %
The company has a debt-to-equity ratio of 48.07, a quick ratio of 0.47 and a current ratio of 1.06. The firm's fifty day simple moving average is GBX 184.71 and its 200-day simple moving average is GBX 193.94. The stock has a market cap of £696.59 million and a P/E ratio of 2,216.25.
Insiders Place Their Bets
In other news, insider Ralph Findlay purchased 12,721 shares of the stock in a transaction on Tuesday, July 26th. The stock was purchased at an average price of GBX 195 ($2.36) per share, for a total transaction of £24,805.95 ($29,973.36). In related news, insider Ralph Findlay acquired 12,721 shares of C&C Group stock in a transaction dated Tuesday, July 26th. The stock was bought at an average price of GBX 195 ($2.36) per share, with a total value of £24,805.95 ($29,973.36). Also, insider Patrick McMahon acquired 5,000 shares of C&C Group stock in a transaction dated Tuesday, July 19th. The shares were bought at an average cost of GBX 192 ($2.32) per share, with a total value of £9,600 ($11,599.81). In the last 90 days, insiders bought 17,910 shares of company stock worth $3,477,005.
About C&C Group
(Get Rating)
C&C Group plc manufactures, markets, and distributes cider, beer, wine, spirits, ales, and soft drinks in the Republic of Ireland, Great Britain, and internationally. The company offers its products primarily under the Tennent's, Bulmers, and Magners brand name. It also distributes third party branded beers, wines, spirits, cider, and soft drinks.
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