C&C Group (LON:CCR) Stock Price Passes Above 200-Day Moving Average - What's Next?

C&C Group plc (LON:CCR - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 147.76 ($1.99) and traded as high as GBX 180 ($2.42). C&C Group shares last traded at GBX 179.20 ($2.41), with a volume of 524,957 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a "buy" rating on shares of C&C Group in a research note on Thursday, May 22nd.

C&C Group Price Performance

The firm has a 50-day moving average of GBX 166.56 and a 200-day moving average of GBX 148.49. The stock has a market cap of £805.62 million, a PE ratio of -7.43, 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.

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.