C&C Group (LON:CCR) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Posted by Defense World Staff on Jan 23rd, 2025

C&C Group plc (LON:CCR – Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 153.06 ($1.88) and traded as low as GBX 147.20 ($1.81). C&C Group shares last traded at GBX 147.40 ($1.81), with a volume of 378,712 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “buy” rating on shares of C&C Group in a research note on Thursday, December 12th.

View Our Latest Stock Analysis on C&C Group

C&C Group Trading Down 0.1 %

The firm has a market cap of £564.06 million, a PE ratio of -614.17, a price-to-earnings-growth ratio of 5.61 and a beta of 1.26. The company has a 50-day simple moving average of GBX 147.03 and a 200 day simple moving average of GBX 153.06. 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 Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, December 13th. Investors of record on Thursday, November 14th were issued a dividend of €0.02 ($0.02) per share. This represents a yield of 1.03%. The ex-dividend date was Thursday, November 14th. C&C Group’s dividend payout ratio (DPR) is presently -2,083.33%.

Insider Activity at C&C Group

In other C&C Group news, insider Ralph Findlay acquired 66,183 shares of the company’s stock in a transaction on Monday, December 16th. The shares were bought at an average cost of GBX 150 ($1.85) per share, with a total value of £99,274.50 ($122,214.08). Also, insider Angela Bromfield acquired 13,439 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average price of GBX 147 ($1.81) per share, with a total value of £19,755.33 ($24,320.24). 3.38% of the stock is owned by company insiders.

C&C Group Company Profile

(Get Free Report)

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.