C&C Group (LON:CCR) Stock Price Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• C&C Group's stock price has recently crossed above its 200-day moving average, indicating potential upward momentum, with current trading at GBX 171.20 ($2.31).
• Shore Capital has reiterated a "buy" rating for C&C Group, reflecting positive analyst sentiment, as the stock holds a consensus rating of "Buy".
• The company has a market capitalization of £634.30 million and notable financial metrics including a price-to-earnings ratio of 4,891.49.

C&C Group plc (LON:CCR - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 154.38 ($2.09) and traded as high as GBX 172.60 ($2.33). C&C Group shares last traded at GBX 171.20 ($2.31), with a volume of 19,495,473 shares.

Wall Street Analyst Weigh In

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

C&C Group Stock Performance

The stock has a market cap of £634.30 million, a price-to-earnings ratio of 4,891.49, a PEG ratio of 5.61 and a beta of 1.26. The stock's 50 day moving average is GBX 172.94 and its two-hundred day moving average is GBX 154.38. The company has a current ratio of 1.16, a quick ratio of 0.80 and a debt-to-equity ratio of 56.01.

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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