Shares of C&C Group plc (LON:CCR – Get Rating) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 191.19 ($2.31) and traded as low as GBX 150.50 ($1.82). C&C Group shares last traded at GBX 151 ($1.82), with a volume of 607,535 shares trading hands.
Analysts Set New Price Targets
A number of equities analysts have issued reports on CCR shares. Shore Capital reiterated a "buy" rating on shares of C&C Group in a research note on Wednesday, September 14th. Barclays cut their target price on C&C Group from GBX 240 ($2.90) to GBX 230 ($2.78) and set an "overweight" rating on the stock in a research note on Thursday, September 15th.
Get C&C Group alerts:C&C Group Price Performance
The business has a 50 day moving average price of GBX 178.45 and a two-hundred day moving average price of GBX 191.19. The stock has a market cap of £593.26 million and a PE ratio of 1,887.50. The company has a debt-to-equity ratio of 48.07, a quick ratio of 0.47 and a current ratio of 1.06.
Insider Transactions at C&C Group
In other C&C Group news, insider Patrick McMahon bought 5,000 shares of the business's stock in a transaction dated Tuesday, July 19th. The shares were purchased at an average price of GBX 192 ($2.32) per share, for a total transaction of £9,600 ($11,599.81). In other news, insider Ralph Findlay acquired 12,721 shares of the company's stock in a transaction that occurred on Tuesday, July 26th. The shares were acquired at an average price of GBX 195 ($2.36) per share, for a total transaction of £24,805.95 ($29,973.36). Also, insider Patrick McMahon acquired 5,000 shares of the company's stock in a transaction that occurred on Tuesday, July 19th. The stock was purchased at an average price of GBX 192 ($2.32) per share, for a total transaction of £9,600 ($11,599.81). Insiders have acquired 17,848 shares of company stock worth $3,464,729 in the last 90 days.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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