C&C Group (LON:CCR) Share Price Passes Below 200 Day Moving Average of $572.68

C&C Group plc (LON:CCR)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 572.68 ($7.26) and traded as low as GBX 158.60 ($2.01). C&C Group shares last traded at GBX 159.40 ($2.02), with a volume of 647,558 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CCR. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 185 ($2.35) price target on shares of C&C Group in a report on Monday, June 10th. Shore Capital restated a “buy” rating on shares of C&C Group in a report on Friday, June 7th.

C&C Group Trading Down 0.5 %

The company has a market cap of £616.56 million, a price-to-earnings ratio of 2,646.67, a P/E/G ratio of 5.61 and a beta of 1.26. The company has a current ratio of 1.13, a quick ratio of 0.80 and a debt-to-equity ratio of 38.55. The firm’s 50-day moving average price is GBX 165.91 and its 200 day moving average price is GBX 569.96.

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 given a dividend of €0.04 ($0.04) per share. This is an increase from C&C Group’s previous dividend of $0.02. The ex-dividend date is Thursday, July 18th. This represents a dividend yield of 2%. C&C Group’s dividend payout ratio (DPR) 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.