Coca-Cola HBC (LON:CCH) Share Price Passes Above 50 Day Moving Average – Here’s Why

Coca-Cola HBC AG (LON:CCH)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 3,787.79 and traded as high as GBX 3,912. Coca-Cola HBC shares last traded at GBX 3,904, with a volume of 323,395 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CCH shares. Deutsche Bank Aktiengesellschaft cut their target price on Coca-Cola HBC from GBX 4,485 to GBX 4,470 and set a “buy” rating on the stock in a research note on Friday, November 28th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Coca-Cola HBC in a report on Friday, January 9th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 4,400 price objective on shares of Coca-Cola HBC in a research report on Friday, January 9th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Coca-Cola HBC has an average rating of “Buy” and a consensus price target of GBX 4,147.

Coca-Cola HBC Stock Performance

The stock has a market capitalization of £14.13 billion, a P/E ratio of 15.48, a P/E/G ratio of 1.03 and a beta of 0.94. The stock has a 50 day simple moving average of GBX 3,787.79 and a two-hundred day simple moving average of GBX 3,721.41. The company has a quick ratio of 0.80, a current ratio of 1.14 and a debt-to-equity ratio of 137.31.

Insider Buying and Selling at Coca-Cola HBC

In other news, insider Zoran Bogdanovic sold 15,000 shares of the business’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of GBX 3,616, for a total transaction of £542,400. Insiders have acquired 432 shares of company stock valued at $1,632,996 over the last three months. 99.20% of the stock is currently owned by company insiders.

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.