C&C Group (LON:CCR) Share Price Passes Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• C&C Group plc shares fell below their 200-day moving average, currently trading at GBX 139 ($1.86), and have seen a low of GBX 137.40 ($1.83).
• Shore Capital maintains a "buy" rating for C&C Group, contributing to a consensus rating of "Buy" from analysts.
• The company has a market capitalization of £510.51 million and shows a significantly high P/E ratio of 3,960.00.

C&C Group plc (LON:CCR - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 155.32 ($2.07) and traded as low as GBX 137.40 ($1.83). C&C Group shares last traded at GBX 139 ($1.86), with a volume of 1,800,114 shares trading hands.

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a "buy" rating on shares of C&C Group in a report on Thursday, September 18th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy".

C&C Group Trading Down 0.3%

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 business has a fifty day simple moving average of GBX 170.35 and a 200 day simple moving average of GBX 155.32. The company has a market cap of £510.51 million, a P/E ratio of 3,960.00, a P/E/G ratio of 5.61 and a beta of 1.26.

About C&C Group

C&C Group plc is a leading, vertically integrated premium drinks company which manufactures, markets and distributes branded beer, cider, wine, spirits, and soft drinks across the UK and Ireland. C&C Group's portfolio of owned/exclusive brands include Bulmers, the leading Irish cider brand and Tennent's, the leading Scottish beer brand; as well as a range of fast-growing, premium and craft ciders and beers, such as Heverlee, Menabrea, Five Lamps and Orchard Pig.

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