Coca-Cola HBC (LON:CCH) Sets New 12-Month High – Still a Buy?

Coca-Cola HBC AG (LON:CCHGet Free Report) shares reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 5,049.44 and last traded at GBX 5,005, with a volume of 1429761 shares trading hands. The stock had previously closed at GBX 4,958.

Wall Street Analyst Weigh In

CCH has been the subject of a number of research reports. UBS Group reiterated a “buy” rating and set a GBX 4,900 target price on shares of Coca-Cola HBC in a report on Tuesday, May 5th. Jefferies Financial Group reissued 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. Finally, Berenberg Bank upgraded Coca-Cola HBC to a “buy” rating and boosted their target price for the company from GBX 4,068 to GBX 5,007 in a research note on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 4,794.25.

View Our Latest Research Report on Coca-Cola HBC

Coca-Cola HBC Stock Up 1.5%

The firm’s 50 day simple moving average is GBX 4,398.60 and its 200-day simple moving average is GBX 4,281.11. The company has a current ratio of 1.19, a quick ratio of 0.80 and a debt-to-equity ratio of 101.65. The stock has a market capitalization of £18.33 billion, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 1.03 and a beta of 0.55.

Insider Activity

In related news, insider Zoran Bogdanovic sold 13,609 shares of Coca-Cola HBC stock in a transaction dated Friday, June 26th. The stock was sold at an average price of GBX 4,808, for a total value of £654,320.72. Insiders bought a total of 128,551 shares of company stock valued at $589,703,591 over the last 90 days. 95.73% of the stock is currently owned by 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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