Coca-Cola HBC (LON:CCH) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Coca-Cola HBC AG (LON:CCH) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 4,080.23 and traded as high as GBX 4,178. Coca-Cola HBC shares last traded at GBX 4,133.10, with a volume of 123,623,422 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Jefferies Financial Group reiterated a “buy” rating and set a GBX 4,800 price objective on shares of Coca-Cola HBC in a research note on Thursday, May 7th. UBS Group restated a “buy” rating and set a GBX 4,900 target price on shares of Coca-Cola HBC in a report on Tuesday, May 5th. Finally, Berenberg Bank raised shares of Coca-Cola HBC to a “buy” rating and upped their price target for the stock from GBX 4,068 to GBX 5,007 in a research report on Friday, May 8th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Coca-Cola HBC presently has a consensus rating of “Buy” and an average target price of GBX 4,794.25.

Coca-Cola HBC Trading Down 0.9%

The company has a debt-to-equity ratio of 107.40, a current ratio of 1.19 and a quick ratio of 0.80. The business has a 50-day simple moving average of GBX 4,331.24 and a two-hundred day simple moving average of GBX 4,080.23. The stock has a market cap of £15.06 billion, a price-to-earnings ratio of 15.96, a P/E/G ratio of 1.03 and a beta of 0.55.

Insider Buying and Selling

In other Coca-Cola HBC news, insider Zoran Bogdanovic purchased 119,532 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were acquired at an average price of GBX 4,557 per share, for a total transaction of £5,447,073.24. Also, insider Anastasios I. Leventis sold 197,435 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of GBX 4,738, for a total value of £9,354,470.30. Insiders have purchased a total of 237,160 shares of company stock worth $1,102,863,442 over the last three months. 99.08% of the stock is 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 750 million consumers across a broad geographic footprint of 29 countries.