C&C Group (LON:CCR) Stock Price Down 18.7% – Should You Sell?

C&C Group plc (LON:CCRGet Free Report)’s stock price was down 18.7% during mid-day trading on Thursday . The stock traded as low as GBX 116.20 ($1.51) and last traded at GBX 120.19 ($1.56). Approximately 21,797,490 shares were traded during mid-day trading, an increase of 1,071% from the average daily volume of 1,861,864 shares. The stock had previously closed at GBX 147.80 ($1.92).

Analysts Set New Price Targets

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

Get Our Latest Report on C&C Group

C&C Group Stock Down 18.7 %

The company has a debt-to-equity ratio of 56.01, a current ratio of 1.16 and a quick ratio of 0.80. The company has a market capitalization of £545.20 million, a price-to-earnings ratio of -5.03, a price-to-earnings-growth ratio of 5.61 and a beta of 1.26. The firm’s 50-day simple moving average is GBX 146.76 and its two-hundred day simple moving average is GBX 150.64.

Insider Transactions at C&C Group

In other news, insider Angela Bromfield bought 13,439 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were bought at an average cost of GBX 147 ($1.91) per share, for a total transaction of £19,755.33 ($25,619.67). Also, insider Ralph Findlay bought 66,183 shares of the stock in a transaction on Monday, December 16th. The stock was purchased at an average cost of GBX 150 ($1.95) per share, for a total transaction of £99,274.50 ($128,744.00). Corporate insiders own 3.38% of the company’s stock.

About C&C Group

(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.

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