Coca-Cola HBC (LON:CCH) Stock Passes Above 200 Day Moving Average – What’s Next?

Coca-Cola HBC AG (LON:CCH) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 3,854.03 and traded as high as GBX 4,532. Coca-Cola HBC shares last traded at GBX 4,492, with a volume of 1,816,728 shares trading hands.

Analyst Ratings Changes

CCH has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target 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. reaffirmed an “overweight” rating on shares of Coca-Cola HBC in a research note on Friday, January 9th. Finally, Jefferies Financial Group lifted their target price on shares of Coca-Cola HBC from GBX 4,400 to GBX 4,600 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Coca-Cola HBC has an average rating of “Buy” and a consensus price target of GBX 4,197.

Coca-Cola HBC Price Performance

The company has a debt-to-equity ratio of 107.40, a quick ratio of 0.80 and a current ratio of 1.19. The company has a market capitalization of £16.33 billion, a price-to-earnings ratio of 17.90, a price-to-earnings-growth ratio of 1.03 and a beta of 0.52. The company has a 50-day moving average price of GBX 4,272.66 and a 200-day moving average price of GBX 3,854.03.

Insider Activity at Coca-Cola HBC

In other news, insider Zoran Bogdanovic bought 115,883 shares of the stock in a transaction on Tuesday, February 17th. The stock was purchased at an average price of GBX 4,751 per share, with a total value of £5,505,601.33. Also, insider Anastassis G. David sold 29,277 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of GBX 4,711, for a total transaction of £1,379,239.47. In the last ninety days, insiders have bought 116,162 shares of company stock worth $551,637,280 and have sold 266,712 shares worth $1,260,589,273. 99.08% of the stock is currently owned by corporate 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.