C&C Group (LON:CCR) Trading Down 9.3% – Time to Sell?
by Amy Steele · The Cerbat GemC&C Group plc (LON:CCR – Get Free Report)’s stock price was down 9.3% during trading on Friday . The stock traded as low as GBX 105.20 and last traded at GBX 116.65. Approximately 2,543,067 shares were traded during trading, an increase of 237% from the average daily volume of 754,543 shares. The stock had previously closed at GBX 128.60.
Wall Street Analysts Forecast Growth
Separately, Shore Capital reaffirmed a “buy” rating on shares of C&C Group in a research note on Tuesday, October 28th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.
Get Our Latest Research Report on CCR
C&C Group Trading Down 9.3%
The firm’s 50 day moving average price is GBX 130.26 and its 200-day moving average price is GBX 147.91. 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 stock has a market cap of £429.65 million, a P/E ratio of 21.21, a P/E/G ratio of 5.61 and a beta of 1.26.
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. C&C exports its Magners and Tennent’s brands to over 40 countries worldwide.
C&C Group has owned brand and contract manufacturing/packing operations in CoTipperary, Ireland and Glasgow, Scotland.
C&C is the No.1 drinks distributor to the UK and Ireland hospitality sectors.