C&C Group (LON:CCR) Shares Pass Below 200 Day Moving Average of $572.68

C&C Group plc (LON:CCR) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 572.68 ($7.26) and traded as low as GBX 158.60 ($2.01). C&C Group shares last traded at GBX 159.40 ($2.02), with a volume of 647,558 shares traded.

Analyst Ratings Changes

A number of brokerages recently weighed in on CCR. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 185 ($2.35) target price on shares of C&C Group in a research report on Monday, June 10th. Shore Capital reissued a “buy” rating on shares of C&C Group in a report on Friday, June 7th.

C&C Group Price Performance

The company has a market capitalization of £618.89 million, a PE ratio of 2,656.67, a P/E/G ratio of 5.61 and a beta of 1.26. The firm has a fifty day simple moving average of GBX 165.99 and a 200 day simple moving average of GBX 572.68. The company has a debt-to-equity ratio of 38.55, a quick ratio of 0.80 and a current ratio of 1.13.

C&C Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, August 23rd. Investors of record on Thursday, July 18th will be issued a dividend of €0.04 ($0.04) per share. The ex-dividend date of this dividend is Thursday, July 18th. This is a positive change from C&C Group’s previous dividend of $0.02. This represents a dividend yield of 2%. C&C Group’s payout ratio is 8,333.33%.

About C&C Group

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.