Coca-Cola HBC (LON:CCH) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Coca-Cola HBC AG (LON:CCH) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3,729.77 and traded as low as GBX 3,708. Coca-Cola HBC shares last traded at GBX 3,740, with a volume of 385,190 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CCH shares. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Coca-Cola HBC in a report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft dropped 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. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 4,147.

Coca-Cola HBC Stock Up 1.2%

The business’s 50 day simple moving average is GBX 3,593.01 and its 200 day simple moving average is GBX 3,729.25. The company has a current ratio of 1.14, a quick ratio of 0.80 and a debt-to-equity ratio of 137.31. The firm has a market capitalization of £13.74 billion, a PE ratio of 15.06, a PEG ratio of 1.03 and a beta of 0.94.

Insider Activity

In related news, insider Pantelis Lekkas acquired 10,000 shares of the stock in a transaction dated Wednesday, October 22nd. The stock was acquired at an average cost of GBX 3,450 per share, with a total value of £345,000. Also, insider Zoran Bogdanovic sold 15,000 shares of Coca-Cola HBC stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of GBX 3,616, for a total value of £542,400. In the last quarter, insiders purchased 10,307 shares of company stock valued at $35,601,933. 99.20% of the stock is currently owned by company insiders.

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.