Coca-Cola HBC AG (LON:CCH - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,662.41 ($35.61) and traded as low as GBX 2,662 ($35.61). Coca-Cola HBC shares last traded at GBX 2,682 ($35.87), with a volume of 553,591 shares changing hands.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 2,950 ($39.46) price objective on shares of Coca-Cola HBC in a report on Thursday, July 4th. Citigroup restated a "neutral" rating on shares of Coca-Cola HBC in a research note on Thursday, July 4th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Coca-Cola HBC presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 2,825 ($37.79).
Check Out Our Latest Stock Analysis on CCH
Coca-Cola HBC Trading Up 1.0 %
The business's 50 day moving average price is GBX 2,759.96 and its 200-day moving average price is GBX 2,663.98. The company has a market cap of £9.82 billion, a price-to-earnings ratio of 1,873.61, a PEG ratio of 0.99 and a beta of 0.94. The company has a debt-to-equity ratio of 135.02, a quick ratio of 0.80 and a current ratio of 1.14.
Insider Buying and Selling
In related news, insider Zoran Bogdanovic bought 165,093 shares of the business's stock in a transaction that occurred on Tuesday, September 17th. The stock was acquired at an average price of GBX 2,820 ($37.72) per share, for a total transaction of £4,655,622.60 ($6,227,424.56). Insiders acquired 165,432 shares of company stock valued at $466,488,555 over the last quarter. Corporate insiders own 47.10% of the company's stock.
About Coca-Cola HBC
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Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages under franchise in Switzerland, the United Kingdom, North and Central America, rest of Europe, the Nordic countries, and internationally. The company offers sparkling soft drinks, adult sparkling, hydration drinks, juices, ready-to-drink tea and coffee, sports and energy drinks, dairy, stills, coffee, water, plant-based drinks, premium spirits, and snacks.
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