Coca-Cola HBC (LON:CCH) Reaches New 1-Year High – Still a Buy?

Coca-Cola HBC AG (LON:CCH)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 4,108 and last traded at GBX 4,111.59, with a volume of 1753307 shares trading hands. The stock had previously closed at GBX 4,068.

Wall Street Analyst Weigh In

CCH has been the subject of several analyst reports. Jefferies Financial Group restated a “buy” rating and issued a GBX 4,400 target price on shares of Coca-Cola HBC in a research note on Friday, January 9th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Coca-Cola HBC in a research note on Friday, January 9th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Coca-Cola HBC from GBX 4,485 to GBX 4,470 and set a “buy” rating for the company in a research report on Friday, November 28th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 4,147.

Coca-Cola HBC Trading Up 2.3%

The business’s fifty day simple moving average is GBX 3,826.31 and its 200 day simple moving average is GBX 3,722.69. The company has a debt-to-equity ratio of 137.31, a current ratio of 1.14 and a quick ratio of 0.80. The stock has a market cap of £15.12 billion, a price-to-earnings ratio of 16.57, a P/E/G ratio of 1.03 and a beta of 0.94.

Insider Transactions at Coca-Cola HBC

In other news, insider Zoran Bogdanovic sold 15,000 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of GBX 3,616, for a total transaction of £542,400. Over the last three months, insiders acquired 432 shares of company stock worth $1,632,996. Company insiders own 99.20% of the company’s stock.

Coca-Cola HBC Company Profile

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.