C&C Group (LON:CCR) Shares Down 18.7% – Here’s What Happened

C&C Group plc (LON:CCR) was down 18.7% during trading on Friday . The stock traded as low as GBX 116.20 ($1.50) and last traded at GBX 120.19 ($1.55). 21,797,490 shares were traded during trading, an increase of 1,071% from the average session volume of 1,861,864 shares. The stock had previously closed at GBX 147.80 ($1.91).

Analysts Set New Price Targets

Separately, Shore Capital restated a “buy” rating on shares of C&C Group in a report on Thursday.

C&C Group Stock Performance

The company has a quick ratio of 0.80, a current ratio of 1.16 and a debt-to-equity ratio of 56.01. The business has a 50 day moving average price of GBX 145.73 and a 200 day moving average price of GBX 150.17. The stock has a market cap of £557.94 million, a P/E ratio of -5.15, a PEG ratio of 5.61 and a beta of 1.26.

Insider Buying and Selling at C&C Group

In related news, insider Angela Bromfield bought 13,439 shares of C&C Group stock in a transaction dated Wednesday, December 18th. The shares were acquired at an average cost of GBX 147 ($1.90) per share, with a total value of £19,755.33 ($25,553.40). Also, insider Roger Alexander White purchased 100,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of GBX 121 ($1.57) per share, with a total value of £121,000 ($156,512.74). Insiders have acquired 179,622 shares of company stock valued at $24,002,983 in the last quarter. 3.38% of the stock is owned by insiders.

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.