Coca-Cola HBC (LON:CCH) Stock Price Crosses Below 200 Day Moving Average of $1,952.04

Coca-Cola HBC AG (LON:CCHGet Rating) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,952.04 ($23.78) and traded as low as GBX 1,920.50 ($23.40). Coca-Cola HBC shares last traded at GBX 1,926.50 ($23.47), with a volume of 759,508 shares.

Analysts Set New Price Targets

CCH has been the topic of several analyst reports. Citigroup restated a “neutral” rating on shares of Coca-Cola HBC in a research report on Wednesday, November 9th. Barclays lowered their target price on Coca-Cola HBC from GBX 2,600 ($31.68) to GBX 2,500 ($30.46) and set an “overweight” rating on the stock in a research report on Wednesday, November 9th. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 1,900 ($23.15) target price on shares of Coca-Cola HBC in a research report on Wednesday, November 9th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Coca-Cola HBC from GBX 2,750 ($33.50) to GBX 2,950 ($35.94) and gave the company a “buy” rating in a research report on Wednesday, November 9th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,210 ($26.92).

Coca-Cola HBC Trading Down 0.5 %

The company has a market capitalization of £7.06 billion and a price-to-earnings ratio of 1,505.08. The firm has a 50-day moving average price of GBX 1,980.51 and a 200-day moving average price of GBX 1,952.04. The company has a current ratio of 1.02, a quick ratio of 0.80 and a debt-to-equity ratio of 101.90.

Insider Activity

In other news, insider Zoran Bogdanovic purchased 209 shares of the stock in a transaction dated Monday, October 17th. The shares were bought at an average cost of GBX 1,977 ($24.09) per share, for a total transaction of £4,131.93 ($5,034.03). In the last ninety days, insiders have bought 628 shares of company stock worth $1,242,668.

Coca-Cola HBC Company Profile

(Get Rating)

Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages worldwide. The company offers sparkling soft drinks, hydration drinks, juices, ready-to-drink tea, energy drinks, coffee, water, plant-based drinks, premium spirits and flavored alcoholic beverages, and snacks.

Further Reading

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