Coca-Cola HBC (LON:CCH) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?
by Scott Moore · The Cerbat GemCoca-Cola HBC AG (LON:CCH – Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 4,550.46 and traded as low as GBX 4,456. Coca-Cola HBC shares last traded at GBX 4,456, with a volume of 428,261 shares.
Analysts Set New Price Targets
Several analysts have commented on CCH shares. Jefferies Financial Group restated a “buy” rating and set a GBX 5,500 target price on shares of Coca-Cola HBC in a report on Wednesday, August 5th. Citigroup upped their price target on shares of Coca-Cola HBC from GBX 4,500 to GBX 5,025 and gave the company a “neutral” rating in a report on Friday, July 3rd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Coca-Cola HBC from GBX 5,550 to GBX 5,700 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Berenberg Bank raised their price objective on shares of Coca-Cola HBC from GBX 5,007 to GBX 5,453 and gave the stock a “buy” rating in a report on Thursday, August 6th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 5,315.60.
Read Our Latest Research Report on CCH
Coca-Cola HBC Trading Down 0.0%
The firm has a market cap of £16.38 billion, a price-to-earnings ratio of 17.35, a P/E/G ratio of 1.03 and a beta of 0.54. The company has a debt-to-equity ratio of 150.62, a current ratio of 1.37 and a quick ratio of 0.80. The business has a 50-day moving average of GBX 4,770.34 and a 200-day moving average of GBX 4,548.40.
Insiders Place Their Bets
In related news, insider Zoran Bogdanovic acquired 126,674 shares of the company’s 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 126,904 shares of company stock valued at $582,652,734 in the last ninety days. 95.72% 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 760 million consumers across a broad geographic footprint of 29 countries.