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

Coca-Cola HBC AG (LON:CCH) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 4,080.23 and traded as high as GBX 4,178. Coca-Cola HBC shares last traded at GBX 4,133.10, with a volume of 123,623,422 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have recently commented on CCH shares. Berenberg Bank raised shares of Coca-Cola HBC to a “buy” rating and increased their price target for the company from GBX 4,068 to GBX 5,007 in a research note on Friday, May 8th. Jefferies Financial Group reissued a “buy” rating and set a GBX 4,800 price target on shares of Coca-Cola HBC in a research note on Thursday, May 7th. Finally, UBS Group reissued a “buy” rating and set a GBX 4,900 price target on shares of Coca-Cola HBC in a research note on Tuesday, May 5th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 4,794.25.

Coca-Cola HBC Trading Down 0.9%

The firm has a market cap of £15.06 billion, a P/E ratio of 15.96, a P/E/G ratio of 1.03 and a beta of 0.55. The business’s 50-day moving average is GBX 4,331.24 and its two-hundred day moving average is GBX 4,080.23. The company has a debt-to-equity ratio of 107.40, a current ratio of 1.19 and a quick ratio of 0.80.

Insiders Place Their Bets

In related news, insider Anastasios I. Leventis sold 197,435 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of GBX 4,738, for a total value of £9,354,470.30. Also, insider Zoran Bogdanovic bought 119,532 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The stock was acquired at an average cost of GBX 4,557 per share, with a total value of £5,447,073.24. In the last ninety days, insiders purchased 237,160 shares of company stock valued at $1,102,863,442. 99.08% of the stock is owned by 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.