Coca-Cola HBC (LON:CCH) Reaches New 52-Week High – Still a Buy?

Coca-Cola HBC AG (LON:CCHGet Free Report) shares reached a new 52-week high on Friday . The stock traded as high as GBX 4,895.16 and last traded at GBX 4,882, with a volume of 3664785 shares. The stock had previously closed at GBX 4,760.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CCH. Berenberg Bank upgraded shares of Coca-Cola HBC to a “buy” rating and increased their price objective for the stock from GBX 4,068 to GBX 5,007 in a research note on Friday, May 8th. UBS Group restated a “buy” rating and issued a GBX 4,900 target price on shares of Coca-Cola HBC in a research report on Tuesday, May 5th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 4,800 price target on shares of Coca-Cola HBC in a report on Thursday, May 7th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, Coca-Cola HBC presently has a consensus rating of “Buy” and a consensus target price of GBX 4,794.25.

Get Our Latest Research Report on Coca-Cola HBC

Coca-Cola HBC Stock Performance

The company has a debt-to-equity ratio of 101.65, a current ratio of 1.19 and a quick ratio of 0.80. The stock has a market cap of £17.82 billion, a P/E ratio of 18.88, a PEG ratio of 1.03 and a beta of 0.55. The stock has a 50-day simple moving average of GBX 4,355.14 and a 200-day simple moving average of GBX 4,244.98.

Insider Buying and Selling at Coca-Cola HBC

In related news, insider Zoran Bogdanovic purchased 126,674 shares of Coca-Cola HBC stock in a transaction dated Wednesday, June 17th. The shares were bought at an average cost of GBX 4,591 per share, for a total transaction of £5,815,603.34. In the last 90 days, insiders have purchased 128,551 shares of company stock valued at $589,703,591. Company insiders own 95.73% 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.

Further Reading

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