Coca-Cola HBC (LON:CCH) Reaches New 12-Month High – Time to Buy?

Coca-Cola HBC AG (LON:CCH) reached a new 52-week high on Monday . The stock traded as high as GBX 4,826 and last traded at GBX 4,796, with a volume of 11205985 shares traded. The stock had previously closed at GBX 4,774.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Jefferies Financial Group upped their target price on Coca-Cola HBC from GBX 4,400 to GBX 4,600 and gave the company a “buy” rating in a report on Wednesday, February 4th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Coca-Cola HBC in a research report on Friday, January 9th. Finally, 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. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 4,197.

Coca-Cola HBC Stock Performance

The company has a 50 day moving average of GBX 4,039.88 and a two-hundred day moving average of GBX 3,778.05. 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 company has a market capitalization of £17.43 billion, a PE ratio of 19.11, a PEG ratio of 1.03 and a beta of 0.94.

Insider Transactions at Coca-Cola HBC

In related news, insider Anastassis G. David sold 29,277 shares of Coca-Cola HBC stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of GBX 4,711, for a total transaction of £1,379,239.47. Also, insider Zoran Bogdanovic acquired 115,883 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was acquired at an average price of GBX 4,751 per share, for a total transaction of £5,505,601.33. In the last three months, insiders have acquired 116,162 shares of company stock valued at $551,637,280 and have sold 260,712 shares valued at $1,232,179,273. 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.