C&C Group (LON:CCR) Stock Passes Below 200-Day Moving Average - Should You Sell?

Key Points

• C&C Group's stock price has fallen below its 200-day moving average of GBX 155.54, trading at GBX 135.60, which may signal potential concerns for investors.
• Despite the recent stock decline, Shore Capital has reaffirmed a "buy" rating, indicating continued confidence in the company's future performance.
• The company has a market cap of £499.46 million and operates various popular brands, including Bulmers and Tennent's, across the UK and Ireland.

C&C Group plc (LON:CCR - Get Free Report)'s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 155.54 ($2.10) and traded as low as GBX 133.80 ($1.80). C&C Group shares last traded at GBX 135.60 ($1.83), with a volume of 650,509 shares changing hands.

Analyst Ratings Changes

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

C&C Group Stock Up 1.0%

The stock has a market cap of £499.46 million, a P/E ratio of 3,874.29, a PEG ratio of 5.61 and a beta of 1.26. The company has a quick ratio of 0.80, a current ratio of 1.16 and a debt-to-equity ratio of 56.01. The business has a 50-day simple moving average of GBX 165.38 and a 200-day simple moving average of GBX 155.54.

C&C Group Company Profile

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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