Coca-Cola HBC (LON:CCH) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Coca-Cola HBC AG (LON:CCH) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3,729.77 and traded as low as GBX 3,708. Coca-Cola HBC shares last traded at GBX 3,740, with a volume of 385,190 shares changing hands.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. restated an “overweight” rating on shares of Coca-Cola HBC in a research report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Coca-Cola HBC from GBX 4,485 to GBX 4,470 and set a “buy” rating on the stock in a report on Friday, November 28th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Coca-Cola HBC presently has a consensus rating of “Buy” and a consensus target price of GBX 4,147.

Coca-Cola HBC Stock Performance

The company has a debt-to-equity ratio of 137.31, a current ratio of 1.14 and a quick ratio of 0.80. The company has a 50 day simple moving average of GBX 3,576.73 and a 200-day simple moving average of GBX 3,729.77. The firm has a market cap of £13.57 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94.

Insiders Place Their Bets

In other Coca-Cola HBC news, insider Zoran Bogdanovic sold 15,000 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of GBX 3,616, for a total value of £542,400. Also, insider Pantelis Lekkas acquired 10,000 shares of Coca-Cola HBC stock in a transaction dated Wednesday, October 22nd. The shares were bought at an average cost of GBX 3,450 per share, for a total transaction of £345,000. In the last quarter, insiders purchased 10,457 shares of company stock worth $36,142,383. 99.20% of the stock is owned by corporate 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.