Coca-Cola HBC (LON:CCH) Hits New 52-Week High – Time to Buy?

Coca-Cola HBC AG (LON:CCH) shares hit a new 52-week high on Tuesday . The company traded as high as GBX 4,742 and last traded at GBX 4,725.14, with a volume of 2302792 shares changing hands. The stock had previously closed at GBX 4,704.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Jefferies Financial Group boosted their price objective on shares of Coca-Cola HBC from GBX 4,400 to GBX 4,600 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Coca-Cola HBC from GBX 4,485 to GBX 4,470 and set a “buy” rating for the company in a research note on Friday, November 28th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Coca-Cola HBC in a research note on Friday, January 9th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 4,197.

Coca-Cola HBC Stock Performance

The firm has a market cap of £17.17 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94. The firm’s 50 day moving average is GBX 3,998 and its 200-day moving average is GBX 3,765.64. The company has a debt-to-equity ratio of 137.31, a quick ratio of 0.80 and a current ratio of 1.14.

Insiders Place Their Bets

In related news, insider Anastassis G. David sold 29,277 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of GBX 4,711, for a total value of £1,379,239.47. Also, insider Anastasios I. Leventis sold 197,435 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of GBX 4,738, for a total value of £9,354,470.30. Over the last quarter, insiders purchased 116,162 shares of company stock valued at $551,637,280 and sold 275,712 shares valued at $1,286,419,273. Insiders own 99.20% of the company’s stock.

Coca-Cola HBC Company Profile

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.