Coca-Cola HBC (OTCMKTS:CCHGY) Reaches New 12-Month High – Here’s Why

Coca-Cola HBC AG (OTCMKTS:CCHGY) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $41.43 and last traded at $41.37, with a volume of 2555 shares changing hands. The stock had previously closed at $40.05.

Analysts Set New Price Targets

Several analysts have recently commented on CCHGY shares. JPMorgan Chase & Co. raised shares of Coca-Cola HBC from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 27th. Kepler Capital Markets assumed coverage on shares of Coca-Cola HBC in a research note on Thursday, December 5th. They set a “hold” rating on the stock. Finally, Sanford C. Bernstein assumed coverage on shares of Coca-Cola HBC in a research note on Tuesday, December 3rd. They issued an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Coca-Cola HBC Trading Up 1.5 %

The company has a quick ratio of 0.91, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. The business’s 50 day simple moving average is $35.33 and its 200-day simple moving average is $35.63.

Coca-Cola HBC Company Profile

Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages under franchise in Switzerland, the United Kingdom, North and Central America, rest of Europe, the Nordic countries, and internationally. The company offers sparkling soft drinks, adult sparkling, hydration drinks, juices, ready-to-drink tea and coffee, sports and energy drinks, dairy, stills, coffee, water, plant-based drinks, premium spirits, and snacks.