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

Coca-Cola HBC AG (LON:CCH) shares hit a new 52-week high on Monday . The company traded as high as GBX 4,826 and last traded at GBX 4,796, with a volume of 11205985 shares trading hands. The stock had previously closed at GBX 4,774.

Analysts Set New Price Targets

CCH has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft lowered 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 report on Friday, November 28th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Coca-Cola HBC in a research note on Friday, January 9th. Finally, Jefferies Financial Group upped their price target on Coca-Cola HBC from GBX 4,400 to GBX 4,600 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 4,197.

Coca-Cola HBC Stock Down 0.4%

The company has a quick ratio of 0.80, a current ratio of 1.14 and a debt-to-equity ratio of 137.31. The company’s fifty day moving average price is GBX 4,083.08 and its 200-day moving average price is GBX 3,792.46. The stock has a market capitalization of £17.33 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94.

Insider Buying and Selling at Coca-Cola HBC

In related news, insider Anastasios I. Leventis sold 197,435 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of GBX 4,738, for a total value of £9,354,470.30. Also, insider Anastassis G. David sold 29,277 shares of the stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of GBX 4,711, for a total transaction of £1,379,239.47. Over the last 90 days, insiders purchased 116,162 shares of company stock worth $551,637,280 and sold 266,712 shares worth $1,260,589,273. 99.20% of the stock is 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.