Coca-Cola HBC (LON:CCH) Reaches New 52-Week High – Here’s What Happened

Coca-Cola HBC AG (LON:CCHGet Free Report)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 3,674 ($48.63) and last traded at GBX 3,646 ($48.26), with a volume of 1550999 shares traded. The stock had previously closed at GBX 3,628 ($48.02).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 3,650 ($48.31) price target on shares of Coca-Cola HBC in a research report on Friday, March 28th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,150 ($41.69).

Check Out Our Latest Stock Analysis on CCH

Coca-Cola HBC Trading Down 0.4 %

The business’s 50-day moving average price is GBX 3,402 and its 200-day moving average price is GBX 2,986.32. The firm has a market capitalization of £16.12 billion, a PE ratio of 25.74, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94. The company has a debt-to-equity ratio of 137.31, a current ratio of 1.14 and a quick ratio of 0.80.

Insiders Place Their Bets

In related news, insider Zoran Bogdanovic bought 138,810 shares of the company’s stock in a transaction dated Monday, February 17th. The shares were acquired at an average price of GBX 3,231 ($42.77) per share, with a total value of £4,484,951.10 ($5,936,401.19). In the last three months, insiders have acquired 268,297 shares of company stock valued at $895,247,017. Insiders own 47.16% of the company’s stock.

About Coca-Cola HBC

(Get Free Report)

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.

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