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

Shares of Coca-Cola HBC AG (LON:CCH - Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 3,544 ($45.11) and last traded at GBX 3,538.53 ($45.04), with a volume of 605740 shares changing hands. The stock had previously closed at GBX 3,512 ($44.70).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. restated an "overweight" rating and issued a GBX 3,650 ($46.46) price target on shares of Coca-Cola HBC in a report on Friday, March 28th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 3,150 ($40.10).

Coca-Cola HBC Trading Down 5.6 %

The company has a 50 day moving average of GBX 3,284.82 and a two-hundred day moving average of GBX 2,944.43. The stock has a market capitalization of £14.38 billion, a PE ratio of 22.96, a P/E/G ratio of 1.03 and a beta of 0.94. The company has a debt-to-equity ratio of 137.31, a quick ratio of 0.80 and a current ratio of 1.14.

Insider Transactions at Coca-Cola HBC

In related news, insider Zoran Bogdanovic acquired 138,810 shares of the stock in a transaction dated Monday, February 17th. The stock was acquired at an average cost of GBX 3,231 ($41.13) per share, for a total transaction of £4,484,951.10 ($5,708,949.97). Over the last 90 days, insiders have acquired 268,297 shares of company stock worth $895,247,017. Insiders own 47.16% of the company's stock.

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