C&C Group (LON:CCR) Stock Crosses Below 200-Day Moving Average - Time to Sell?

Key Points

• C&C Group's shares have crossed below the 200-day moving average, indicating a potential sell signal as the stock traded as low as GBX 137.80.
• Despite the drop, analysts maintain a consensus rating of "Buy" for C&C Group, with Shore Capital restating this rating on September 18th.
• The company has a current market cap of £517.88 million and a P/E ratio of 40.17, reflecting its valuation metrics.

C&C Group plc (LON:CCR - Get Free Report) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 156.47 ($2.09) and traded as low as GBX 137.80 ($1.84). C&C Group shares last traded at GBX 139.60 ($1.87), with a volume of 535,450 shares.

Analysts Set New Price Targets

Separately, Shore Capital restated a "buy" rating on shares of C&C Group in a research note on Thursday, September 18th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy".

C&C Group Trading Up 0.7%

The stock has a market cap of £517.88 million, a P/E ratio of 40.17, a PEG ratio of 5.61 and a beta of 1.26. The company has a debt-to-equity ratio of 56.01, a current ratio of 1.16 and a quick ratio of 0.80. The business's 50 day simple moving average is GBX 155.96 and its 200 day simple moving average is GBX 156.47.

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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