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Coca-Cola HBC (LON:CCH) Reaches New 52-Week High - Should You Buy?

Coca-Cola HBC logo with Consumer Defensive background
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Coca-Cola HBC AG (LON:CCH - Get Free Report) reached a new 52-week high during trading on Friday . The company traded as high as GBX 3,532 ($45.67) and last traded at GBX 3,518 ($45.49), with a volume of 2019401 shares traded. The stock had previously closed at GBX 3,464 ($44.79).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. restated an "overweight" rating and set a GBX 3,650 ($47.19) target price on shares of Coca-Cola HBC in a report on Friday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of GBX 3,150 ($40.73).

Check Out Our Latest Research Report on Coca-Cola HBC

Coca-Cola HBC Stock Down 0.3 %

The company has a debt-to-equity ratio of 137.31, a quick ratio of 0.80 and a current ratio of 1.14. The stock has a market cap of £15.16 billion, a price-to-earnings ratio of 24.22, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94. The business's 50 day moving average is GBX 3,199.43 and its 200 day moving average is GBX 2,915.85.

Insider Activity at Coca-Cola HBC

In other Coca-Cola HBC news, insider Zoran Bogdanovic sold 6,273 shares of the stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of GBX 3,444 ($44.53), for a total value of £216,042.12 ($279,340.73). Over the last ninety days, insiders have acquired 268,297 shares of company stock valued at $895,247,017. Company insiders own 47.16% of the company's stock.

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About Coca-Cola HBC

(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 740 million consumers across a broad geographic footprint of 29 countries.

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