Coca-Cola HBC (LON:CCH) Reaches New 12-Month High - Time to Buy?

Coca-Cola HBC AG (LON:CCH - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 3,844 ($51.12) and last traded at GBX 3,838 ($51.04), with a volume of 988764 shares trading hands. The stock had previously closed at GBX 3,798 ($50.51).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. restated an "overweight" rating and set a GBX 3,650 ($48.54) target price on shares of Coca-Cola HBC in a report on Friday, March 28th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Coca-Cola HBC has a consensus rating of "Moderate Buy" and an average price target of GBX 3,150 ($41.89).

Coca-Cola HBC Stock Performance

The company has a 50 day moving average of GBX 3,495.22 and a two-hundred day moving average of GBX 3,038.24. The company has a debt-to-equity ratio of 137.31, a current ratio of 1.14 and a quick ratio of 0.80. The company has a market capitalization of £16.58 billion, a PE ratio of 26.49, a PEG ratio of 1.03 and a beta of 0.94.

Insider Buying and Selling

In related news, insider Zoran Bogdanovic acquired 138,810 shares of Coca-Cola HBC stock in a transaction that occurred on Monday, February 17th. The stock was bought at an average price of GBX 3,231 ($42.97) per share, with a total value of £4,484,951.10 ($5,964,823.91). Insiders acquired a total of 269,049 shares of company stock worth $898,220,443 in the last three months. 47.16% of the stock is owned by corporate 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 750 million consumers across a broad geographic footprint of 29 countries.

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