C&C Group (LON:CCR) Stock Crosses Below 200 Day Moving Average of $570.47

Shares of C&C Group plc (LON:CCR) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 570.47 ($7.22) and traded as low as GBX 158.29 ($2.00). C&C Group shares last traded at GBX 159.40 ($2.02), with a volume of 534,181 shares.

Wall Street Analysts Forecast Growth

CCR has been the subject of several research analyst reports. Shore Capital reaffirmed a “buy” rating on shares of C&C Group in a research note on Friday, June 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 185 ($2.34) price target on shares of C&C Group in a research note on Monday, June 10th.

C&C Group Stock Performance

The stock has a market cap of £621.22 million, a PE ratio of 2,656.67, a P/E/G ratio of 5.61 and a beta of 1.26. The company has a fifty day moving average price of GBX 165.29 and a 200 day moving average price of GBX 570.47. The company has a quick ratio of 0.80, a current ratio of 1.13 and a debt-to-equity ratio of 38.55.

C&C Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, August 23rd. Stockholders of record on Thursday, July 18th will be issued a €0.04 ($0.04) dividend. The ex-dividend date is Thursday, July 18th. This represents a dividend yield of 2%. This is an increase from C&C Group’s previous dividend of $0.02. C&C Group’s payout ratio is currently 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.