Coca-Cola HBC (LON:CCH) Sets New 52-Week High – What’s Next?

Coca-Cola HBC AG (LON:CCH) reached a new 52-week high on Friday . The stock traded as high as GBX 4,895.16 and last traded at GBX 4,882, with a volume of 3664785 shares. The stock had previously closed at GBX 4,760.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. UBS Group reiterated a “buy” rating and issued a GBX 4,900 target price on shares of Coca-Cola HBC in a research note on Tuesday, May 5th. Jefferies Financial Group restated a “buy” rating and set a GBX 4,800 price target on shares of Coca-Cola HBC in a research report on Thursday, May 7th. Finally, Berenberg Bank upgraded Coca-Cola HBC to a “buy” rating and increased their price target for the stock from GBX 4,068 to GBX 5,007 in a research report on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Coca-Cola HBC has a consensus rating of “Buy” and an average target price of GBX 4,794.25.

Coca-Cola HBC Price Performance

The stock has a fifty day moving average of GBX 4,365.29 and a 200-day moving average of GBX 4,249.49. The firm has a market capitalization of £17.82 billion, a P/E ratio of 18.88, a PEG ratio of 1.03 and a beta of 0.55. The company has a quick ratio of 0.80, a current ratio of 1.19 and a debt-to-equity ratio of 101.65.

Insiders Place Their Bets

In related news, insider Zoran Bogdanovic bought 126,674 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was bought at an average cost of GBX 4,591 per share, with a total value of £5,815,603.34. In the last ninety days, insiders have bought 128,551 shares of company stock valued at $589,703,591. Company insiders own 95.73% 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 750 million consumers across a broad geographic footprint of 29 countries.