C&C Group (LON:CCR) Shares Down 15.8% – What’s Next?

C&C Group plc (LON:CCR)’s share price dropped 15.8% during trading on Thursday . The stock traded as low as GBX 116.20 ($1.51) and last traded at GBX 124.40 ($1.61). Approximately 19,852,121 shares traded hands during trading, an increase of 989% from the average daily volume of 1,823,719 shares. The stock had previously closed at GBX 147.80 ($1.92).

Analysts Set New Price Targets

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

C&C Group Trading Down 16.0 %

The firm has a market capitalization of £563.39 million, a PE ratio of -5.20, 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 146.73 and its 200-day simple moving average is GBX 150.69. The company has a quick ratio of 0.80, a current ratio of 1.16 and a debt-to-equity ratio of 56.01.

Insider Buying and Selling

In other C&C Group news, insider Ralph Findlay bought 66,183 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were bought at an average cost of GBX 150 ($1.95) per share, with a total value of £99,274.50 ($128,744.00). Also, insider Angela Bromfield purchased 13,439 shares of the stock in a transaction on Wednesday, December 18th. The shares were acquired at an average cost of GBX 147 ($1.91) per share, with a total value of £19,755.33 ($25,619.67). 3.38% of the stock is owned by corporate 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.