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

Coca-Cola HBC AG (LON:CCH)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 4,518.36 and traded as high as GBX 4,672. Coca-Cola HBC shares last traded at GBX 4,658, with a volume of 811,532 shares.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CCH. Citigroup raised their target price on shares of Coca-Cola HBC from GBX 4,500 to GBX 5,025 and gave the company a “neutral” rating in a report on Friday, July 3rd. Jefferies Financial Group reissued a “buy” rating and issued a GBX 5,500 price objective on shares of Coca-Cola HBC in a research note on Wednesday, August 5th. Berenberg Bank boosted their target price on shares of Coca-Cola HBC from GBX 5,007 to GBX 5,453 and gave the stock a “buy” rating in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Coca-Cola HBC from GBX 5,550 to GBX 5,700 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, UBS Group reaffirmed a “buy” rating and issued a GBX 4,900 price target on shares of Coca-Cola HBC in a report on Tuesday, May 5th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 5,315.60.

Coca-Cola HBC Trading Down 1.1%

The stock has a fifty day moving average of GBX 4,820.18 and a 200-day moving average of GBX 4,518.97. The company has a market cap of £16.79 billion, a PE ratio of 17.78, a PEG ratio of 1.03 and a beta of 0.55. The company has a debt-to-equity ratio of 150.62, a quick ratio of 0.80 and a current ratio of 1.37.

Insider Buying and Selling at Coca-Cola HBC

In related news, insider Zoran Bogdanovic bought 110 shares of the stock in a transaction dated Friday, July 17th. The stock was purchased at an average cost of GBX 4,964 per share, with a total value of £5,460.40. Insiders acquired 126,916 shares of company stock worth $582,653,646 in the last ninety days. 95.72% of the stock is currently owned by company insiders.

Coca-Cola HBC Company Profile

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.