C&C Group (LON:CCR) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Shares of C&C Group plc have crossed above their 200-day moving average, indicating potential positive momentum, trading as high as GBX 176.60 ($2.39) during recent sessions.
• The stock currently has a market capitalization of £781.12 million and maintains a consensus rating of "Buy" from analysts, including a reaffirmed rating by Shore Capital.
• C&C Group specializes in the manufacture and distribution of beverages including beer and cider, with well-known brands such as Tennent's and Bulmers.

C&C Group plc (LON:CCR - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 153.48 ($2.08) and traded as high as GBX 176.60 ($2.39). C&C Group shares last traded at GBX 173.60 ($2.35), with a volume of 352,746 shares trading hands.

Analyst Ratings Changes

Separately, Shore Capital reiterated a "buy" rating on shares of C&C Group in a report on Thursday, May 22nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, C&C Group has a consensus rating of "Buy".

C&C Group Price Performance

The company's 50 day moving average is GBX 172.88 and its 200-day moving average is GBX 153.88. The company has a current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of 56.01. The firm has a market capitalization of £628.37 million, a price-to-earnings ratio of 4,845.71, 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.