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

Coca-Cola HBC AG (LON:CCH) reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 5,049.44 and last traded at GBX 5,005, with a volume of 1429761 shares changing hands. The stock had previously closed at GBX 4,958.

Analysts Set New Price Targets

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

Coca-Cola HBC Price Performance

The company’s 50-day simple moving average is GBX 4,398.60 and its 200-day simple moving average is GBX 4,281.11. The company has a debt-to-equity ratio of 101.65, a current ratio of 1.19 and a quick ratio of 0.80. The stock has a market capitalization of £18.33 billion, a price-to-earnings ratio of 19.42, a P/E/G ratio of 1.03 and a beta of 0.55.

Insider Buying and Selling at Coca-Cola HBC

In other news, insider Zoran Bogdanovic bought 126,674 shares of the stock in a transaction dated Wednesday, June 17th. The shares were bought at an average price of GBX 4,591 per share, for a total transaction of £5,815,603.34. Insiders purchased a total of 128,551 shares of company stock worth $589,703,591 in the last 90 days. 95.73% 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 750 million consumers across a broad geographic footprint of 29 countries.