C&C Group (LON:CCR) Stock Price Crosses Below 200 Day Moving Average of $571.04

Shares of C&C Group plc (LON:CCR) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 571.04 ($7.31) and traded as low as GBX 160.60 ($2.06). C&C Group shares last traded at GBX 163.40 ($2.09), with a volume of 273,923 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CCR shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 185 ($2.37) target price on shares of C&C Group in a report on Monday, June 10th. Shore Capital reaffirmed a “buy” rating on shares of C&C Group in a report on Friday, June 7th.

C&C Group Trading Down 0.6 %

The stock’s 50 day moving average price is GBX 164.67 and its 200-day moving average price is GBX 571.04. The company has a quick ratio of 0.80, a current ratio of 1.13 and a debt-to-equity ratio of 38.55. The stock has a market capitalization of £634.42 million, a PE ratio of 2,723.33, a PEG ratio of 5.61 and a beta of 1.26.

C&C Group Increases Dividend

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