Coca-Cola HBC (LON:CCH) Stock Breaks Below 200-Day Moving Average – Should You Sell?

Shares of Coca-Cola HBC AG (LON:CCH) passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 4,518.72 and traded as low as GBX 4,208. Coca-Cola HBC shares last traded at GBX 4,236, with a volume of 368,352 shares changing hands.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CCH. Berenberg Bank upped their price target on shares of Coca-Cola HBC from GBX 5,453 to GBX 5,483 and gave the stock a “buy” rating in a report on Tuesday, September 29th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Coca-Cola HBC from GBX 5,700 to GBX 5,725 and gave the company a “buy” rating in a research report on Wednesday, September 16th. Citigroup lifted their price target on Coca-Cola HBC from GBX 4,500 to GBX 5,025 and gave the company a “neutral” rating in a research note on Friday, July 3rd. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 5,500 price target on shares of Coca-Cola HBC in a report on Wednesday, August 5th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Coca-Cola HBC has a consensus rating of “Moderate Buy” and an average price target of GBX 5,326.60.

Coca-Cola HBC Stock Performance

The firm has a market capitalization of £15.50 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 1.03 and a beta of 0.54. The company has a current ratio of 1.37, a quick ratio of 0.80 and a debt-to-equity ratio of 150.62. The stock’s 50-day moving average is GBX 4,551.15 and its 200-day moving average is GBX 4,518.41.

Insider Buying and Selling at Coca-Cola HBC

In other news, insider Zoran Bogdanovic purchased 4,750 shares of the company’s stock in a transaction dated Monday, September 21st. The stock was bought at an average cost of GBX 4,269 per share, for a total transaction of £202,777.50. Insiders have acquired a total of 5,107 shares of company stock worth $21,961,589 over the last quarter. Insiders own 95.73% of the company’s stock.

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 760 million consumers across a broad geographic footprint of 29 countries.