Coca-Cola HBC (LON:CCH) Sets New 1-Year High – Should You Buy?

Coca-Cola HBC AG (LON:CCH) shares hit a new 52-week high during trading on Friday . The stock traded as high as GBX 3,532 ($45.73) and last traded at GBX 3,518 ($45.55), with a volume of 2019401 shares traded. The stock had previously closed at GBX 3,464 ($44.85).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 3,650 ($47.26) price objective on shares of Coca-Cola HBC in a research note on Friday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Coca-Cola HBC has an average rating of “Moderate Buy” and an average price target of GBX 3,150 ($40.78).

Coca-Cola HBC Stock Performance

The firm’s fifty day moving average is GBX 3,184.95 and its 200 day moving average is GBX 2,907.74. The company has a debt-to-equity ratio of 137.31, a current ratio of 1.14 and a quick ratio of 0.80. The firm has a market capitalization of £15.23 billion, a price-to-earnings ratio of 24.33, a PEG ratio of 1.03 and a beta of 0.94.

Insiders Place Their Bets

In other Coca-Cola HBC news, insider Zoran Bogdanovic acquired 129,325 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were acquired at an average cost of GBX 3,451 ($44.68) per share, for a total transaction of £4,463,005.75 ($5,778,101.70). Insiders have acquired 268,297 shares of company stock valued at $895,247,017 over the last three months. 47.16% of the stock is currently owned by insiders.

About Coca-Cola HBC

Coca-Cola HBC is a growth-focused consumer packaged goods business and strategic bottling partner of The Coca-Cola Company. We open up moments that refresh us all, by creating value for our stakeholders and supporting the socio-economic development of the communities in which we operate. With a vision to be the leading 24/7 beverage partner, we offer drinks for all occasions around the clock and work together with our customers to serve 740 million consumers across a broad geographic footprint of 29 countries.