Coca-Cola HBC (LON:CCH) Sets New 1-Year High – What’s Next?

Coca-Cola HBC AG (LON:CCH) reached a new 52-week high during trading on Thursday . The company traded as high as GBX 3,544 ($46.02) and last traded at GBX 3,538.53 ($45.95), with a volume of 605740 shares. The stock had previously closed at GBX 3,512 ($45.60).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 3,650 ($47.40) price objective 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 issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 3,150 ($40.90).

Coca-Cola HBC Stock Up 0.6 %

The company has a 50 day simple moving average of GBX 3,242.80 and a two-hundred day simple moving average of GBX 2,929.90. The company has a market capitalization of £15.42 billion, a P/E ratio of 24.63, a PEG ratio of 1.03 and a beta of 0.94. The company has a quick ratio of 0.80, a current ratio of 1.14 and a debt-to-equity ratio of 137.31.

Insider Activity

In other news, insider Zoran Bogdanovic purchased 162 shares of the stock in a transaction dated Friday, January 17th. The shares were acquired at an average cost of GBX 2,786 ($36.18) per share, for a total transaction of £4,513.32 ($5,860.69). Over the last ninety days, insiders purchased 268,297 shares of company stock valued at $895,247,017. 47.16% of the stock is currently owned by company insiders.

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.