Coca-Cola HBC (LON:CCH) Hits New 12-Month High – Here’s Why

Coca-Cola HBC AG (LON:CCH) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 3,950 ($52.53) and last traded at GBX 3,944 ($52.45), with a volume of 12526942 shares. The stock had previously closed at GBX 3,914 ($52.05).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 3,650 ($48.54) target price on shares of Coca-Cola HBC in a research note on Friday, March 28th.

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 market cap of £17.09 billion, a P/E ratio of 27.30, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94. The company’s 50 day moving average price is GBX 3,633.94 and its 200-day moving average price is GBX 3,154.16.

Insider Buying and Selling

In other Coca-Cola HBC news, insider Zoran Bogdanovic bought 129,325 shares of the business’s stock in a transaction on Monday, March 17th. The stock was purchased at an average price of GBX 3,451 ($45.89) per share, for a total transaction of £4,463,005.75 ($5,934,848.07). 47.16% of the stock is owned by 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 750 million consumers across a broad geographic footprint of 29 countries.