Coca-Cola HBC (LON:CCH) Reaches New 52-Week High – Still a Buy?

Coca-Cola HBC AG (LON:CCHGet Free Report) shares hit a new 52-week high during trading on Friday . The company traded as high as GBX 4,895.16 and last traded at GBX 4,882, with a volume of 3664785 shares changing hands. The stock had previously closed at GBX 4,760.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CCH shares. Berenberg Bank raised Coca-Cola HBC to a “buy” rating and raised their price objective for the company from GBX 4,068 to GBX 5,007 in a report on Friday, May 8th. UBS Group reaffirmed a “buy” rating and issued a GBX 4,900 target price on shares of Coca-Cola HBC in a report on Tuesday, May 5th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 4,800 target price on shares of Coca-Cola HBC in a research report on Thursday, May 7th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 4,794.25.

Check Out Our Latest Stock Analysis on CCH

Coca-Cola HBC Trading Up 2.7%

The company has a market cap of £17.82 billion, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 1.03 and a beta of 0.55. The business’s fifty day moving average price is GBX 4,355.14 and its 200 day moving average price is GBX 4,244.98. The company has a debt-to-equity ratio of 101.65, a current ratio of 1.19 and a quick ratio of 0.80.

Insider Transactions at Coca-Cola HBC

In related news, insider Zoran Bogdanovic bought 126,674 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was acquired at an average cost of GBX 4,591 per share, with a total value of £5,815,603.34. Over the last three months, insiders acquired 128,551 shares of company stock worth $589,703,591. 95.73% of the stock is owned by company insiders.

Coca-Cola HBC Company Profile

(Get Free Report)

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.

Further Reading

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