Coca-Cola HBC (LON:CCH) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Coca-Cola HBC AG (LON:CCH)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,745.10 and traded as low as GBX 3,678. Coca-Cola HBC shares last traded at GBX 3,686, with a volume of 197,008 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Coca-Cola HBC from GBX 4,485 to GBX 4,470 and set a “buy” rating for the company in a research report on Friday, November 28th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Coca-Cola HBC in a report on Thursday, November 6th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Coca-Cola HBC currently has a consensus rating of “Buy” and an average target price of GBX 4,147.

Coca-Cola HBC Stock Up 0.1%

The stock has a market capitalization of £13.40 billion, a PE ratio of 14.69, a P/E/G ratio of 1.03 and a beta of 0.94. The stock’s 50-day moving average price is GBX 3,543.07 and its two-hundred day moving average price is GBX 3,745.10. The company has a debt-to-equity ratio of 137.31, a quick ratio of 0.80 and a current ratio of 1.14.

Insider Buying and Selling

In related news, insider Pantelis Lekkas purchased 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were bought at an average price of GBX 3,450 per share, for a total transaction of £345,000. Also, insider Zoran Bogdanovic sold 15,000 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of GBX 3,616, for a total value of £542,400. Insiders have acquired 10,457 shares of company stock valued at $36,142,383 in the last ninety days. Insiders own 99.20% of the company’s stock.

Coca-Cola HBC Company Profile

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.