C&C Group (LON:CCR) Shares Cross Below 200-Day Moving Average - Here's What Happened

Key Points

• C&C Group's share price fell below its 200-day moving average, trading as low as GBX 135.40 ($1.81) before closing at GBX 136.40 ($1.82).
• Investment firm Shore Capital has maintained a "buy" rating for C&C Group shares, which currently have an average rating of "Buy" from analysts.
• The company boasts a market capitalization of £502.41 million and a notably high price-to-earnings ratio of 3,897.14.

C&C Group plc (LON:CCR - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 156.29 ($2.08) and traded as low as GBX 135.40 ($1.81). C&C Group shares last traded at GBX 136.40 ($1.82), with a volume of 479,352 shares traded.

Analyst Ratings Changes

Separately, Shore Capital reissued a "buy" rating on shares of C&C Group in a research report on Thursday, September 18th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, C&C Group currently has an average rating of "Buy".

C&C Group Stock Performance

The company has a market cap of £502.41 million, a price-to-earnings ratio of 3,897.14, a PEG ratio of 5.61 and a beta of 1.26. The stock has a 50-day simple moving average of GBX 160.51 and a 200 day simple moving average of GBX 156.29. The company has a current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of 56.01.

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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