Coca-Cola HBC (LON:CCH) Stock Crosses Above 200 Day Moving Average of $1,979.71

Shares of Coca-Cola HBC AG (LON:CCHGet Rating) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,979.71 ($24.13) and traded as high as GBX 2,146 ($26.15). Coca-Cola HBC shares last traded at GBX 2,132 ($25.98), with a volume of 801,331 shares changing hands.

Analyst Ratings Changes

Several research firms have recently issued reports on CCH. Numis Securities reaffirmed an “add” rating and set a GBX 2,200 ($26.81) price objective on shares of Coca-Cola HBC in a research report on Tuesday, February 14th. Barclays decreased their price objective on shares of Coca-Cola HBC from GBX 2,700 ($32.91) to GBX 2,500 ($30.47) and set an “overweight” rating for the company in a research report on Thursday, February 16th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 2,208.33 ($26.91).

Coca-Cola HBC Trading Up 2.8 %

The stock has a market capitalization of £7.82 billion, a PE ratio of 2,175.51, a PEG ratio of 2.36 and a beta of 0.93. The company has a quick ratio of 0.80, a current ratio of 1.24 and a debt-to-equity ratio of 101.01. The business’s 50-day moving average is GBX 2,024.52 and its two-hundred day moving average is GBX 1,979.71.

Insider Activity at Coca-Cola HBC

In related news, insider Zoran Bogdanovic purchased 214 shares of Coca-Cola HBC stock in a transaction that occurred on Tuesday, January 17th. The stock was purchased at an average cost of GBX 1,944 ($23.69) per share, with a total value of £4,160.16 ($5,070.27). Insiders sold a total of 38,200 shares of company stock valued at $81,386,303 over the last ninety days. Insiders own 46.88% of the company’s stock.

Coca-Cola HBC Company Profile

(Get Rating)

Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages worldwide. The company offers sparkling soft drinks, hydration drinks, juices, ready-to-drink tea, energy drinks, coffee, water, plant-based drinks, premium spirits and flavored alcoholic beverages, and snacks.

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