C&C Group (LON:CCR) Stock Passes Below 200 Day Moving Average of $571.86

Posted by Teresa Graham on Aug 10th, 2024

C&C Group plc (LON:CCR – Get Free Report)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 571.86 ($7.31) and traded as low as GBX 150.20 ($1.92). C&C Group shares last traded at GBX 153.20 ($1.96), with a volume of 357,372 shares.

Analyst Upgrades and Downgrades

CCR has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 185 ($2.36) target price on shares of C&C Group in a report on Monday, June 10th. Shore Capital reiterated a “buy” rating on shares of C&C Group in a report on Friday, June 7th.

View Our Latest Report on C&C Group

C&C Group Stock Down 1.3 %

The business’s fifty day moving average is GBX 158.88 and its two-hundred day moving average is GBX 574.82. The company has a market cap of £581.03 million, a P/E ratio of -604.80, a price-to-earnings-growth ratio of 5.61 and a beta of 1.27. The company has a debt-to-equity ratio of 56.01, a quick ratio of 0.80 and a current ratio of 1.16.

C&C Group Increases Dividend

The business also recently disclosed 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. This is a positive change from C&C Group’s previous dividend of $0.02. The ex-dividend date is Thursday, July 18th. This represents a yield of 2%. C&C Group’s dividend payout ratio (DPR) is presently -2,000.00%.

Insider Activity at C&C Group

In related news, insider Ralph Findlay acquired 44,151 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The stock was bought at an average price of GBX 157 ($2.01) per share, for a total transaction of £69,317.07 ($88,584.12). 3.36% of the stock is currently 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.