C&C Group (LON:CCR) Share Price Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• C&C Group shares surpassed their 200-day moving average of GBX 152.30, trading at a high of GBX 180 ($2.42) before closing at GBX 176.60 ($2.38) with a volume of over 1 million shares.
• Wall Street analysts, including Shore Capital, have issued a "buy" rating for C&C Group, contributing to a consensus rating of "Buy" among analysts.
• The company has a market capitalization of £800.17 million and significant financial metrics such as a P/E ratio of -7.38 and a debt-to-equity ratio of 56.01.

C&C Group plc (LON:CCR - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 152.30 ($2.05) and traded as high as GBX 180 ($2.43). C&C Group shares last traded at GBX 176.60 ($2.38), with a volume of 1,186,137 shares changing hands.

Wall Street Analysts Forecast Growth

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

C&C Group Stock Down 0.9%

The firm's 50-day moving average is GBX 172.57 and its two-hundred day moving average is GBX 153.17. The company has a debt-to-equity ratio of 56.01, a quick ratio of 0.80 and a current ratio of 1.16. The stock has a market cap of £792.01 million, a P/E ratio of -7.30, a PEG ratio of 5.61 and a beta of 1.26.

C&C Group Company Profile

C&C Group plc manufactures, markets, and distributes beer, cider, wine, spirits, and soft drinks in the Republic of Ireland, Great Britain, and internationally. The company offers its products primarily under the Tennent's, Bulmers, Magners, Orchard Pig, Heverlee, 5 Lamps, Fête, Blackthorn, Seven Summits, Dowd's Lane, Chaplin & Cork's, Celedonia Best, and Addlestones brand name.