Coca-Cola HBC (LON:CCH) Stock Price Crosses Above Two Hundred Day Moving Average of $1,979.71

Coca-Cola HBC AG (LON:CCH – Get Rating) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,979.71 ($24.13) and traded as high as GBX 2,146 ($26.15). Coca-Cola HBC shares last traded at GBX 2,132 ($25.98), with a volume of 801,331 shares changing hands.

Wall Street Analysts Forecast Growth

CCH has been the topic of several recent analyst reports. Barclays reduced their price objective on shares of Coca-Cola HBC from GBX 2,700 ($32.91) to GBX 2,500 ($30.47) and set an “overweight” rating on the stock in a research note on Thursday, February 16th. Numis Securities reissued an “add” rating and set a GBX 2,200 ($26.81) price objective on shares of Coca-Cola HBC in a research note on Tuesday, February 14th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 2,208.33 ($26.91).

Coca-Cola HBC Stock Up 2.8 %

The company has a current ratio of 1.24, a quick ratio of 0.80 and a debt-to-equity ratio of 101.01. The firm has a market capitalization of £7.82 billion, a PE ratio of 2,175.51, a price-to-earnings-growth ratio of 2.36 and a beta of 0.93. The firm has a 50-day moving average of GBX 2,024.52 and a two-hundred day moving average of GBX 1,979.71.

Insider Buying and Selling

In other news, insider Zoran Bogdanovic bought 214 shares of the business’s stock in a transaction that occurred on Tuesday, January 17th. The shares were acquired at an average cost of GBX 1,944 ($23.69) per share, with a total value of £4,160.16 ($5,070.27). In the last ninety days, insiders have sold 38,200 shares of company stock valued at $81,386,303. 46.88% of the stock is currently owned by company insiders.

About Coca-Cola HBC

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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.