Coca-Cola HBC (LON:CCH) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Shares of Coca-Cola HBC AG (LON:CCH) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 4,557.93 and traded as low as GBX 4,542. Coca-Cola HBC shares last traded at GBX 4,594, with a volume of 968,977 shares changing hands.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Coca-Cola HBC from GBX 5,550 to GBX 5,700 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Citigroup lifted their price target on Coca-Cola HBC from GBX 4,500 to GBX 5,025 and gave the company a “neutral” rating in a research note on Friday, July 3rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 5,500 price target on shares of Coca-Cola HBC in a report on Wednesday, August 5th. Finally, Berenberg Bank increased their price target on Coca-Cola HBC from GBX 5,007 to GBX 5,453 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 5,315.60.

Coca-Cola HBC Stock Performance

The company has a market cap of £16.66 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 1.03 and a beta of 0.55. The firm’s fifty day moving average is GBX 4,821.11 and its 200 day moving average is GBX 4,556.93. The company has a current ratio of 1.37, a quick ratio of 0.80 and a debt-to-equity ratio of 150.62.

Insider Activity

In related news, insider Zoran Bogdanovic bought 120 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were acquired at an average price of GBX 4,553 per share, for a total transaction of £5,463.60. Insiders have bought a total of 126,904 shares of company stock valued at $582,652,734 in the last quarter. 95.72% of the stock is owned by company 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 760 million consumers across a broad geographic footprint of 29 countries.