Coca-Cola HBC (LON:CCH) Sets New 52-Week High – What’s Next?

Coca-Cola HBC AG (LON:CCH)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 3,532 ($45.72) and last traded at GBX 3,518 ($45.53), with a volume of 2019401 shares. The stock had previously closed at GBX 3,464 ($44.84).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 3,650 ($47.24) price target on shares of Coca-Cola HBC in a report on Friday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 3,150 ($40.77).

Coca-Cola HBC Stock Performance

The company has a debt-to-equity ratio of 137.31, a quick ratio of 0.80 and a current ratio of 1.14. The stock has a 50 day moving average of GBX 3,199.43 and a 200 day moving average of GBX 2,914.65. The stock has a market capitalization of £15.25 billion, a P/E ratio of 24.36, a P/E/G ratio of 1.03 and a beta of 0.94.

Insider Transactions at Coca-Cola HBC

In other news, insider Zoran Bogdanovic sold 6,273 shares of the business’s stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of GBX 3,444 ($44.58), for a total transaction of £216,042.12 ($279,629.98). Over the last quarter, insiders bought 268,297 shares of company stock worth $895,247,017. Insiders own 47.16% of the company’s stock.

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 740 million consumers across a broad geographic footprint of 29 countries.