Coca-Cola HBC (LON:CCH) Sets New 52-Week High at $2,882.00

Coca-Cola HBC AG (LON:CCH) reached a new 52-week high during trading on Thursday . The company traded as high as GBX 2,882 ($37.07) and last traded at GBX 2,840 ($36.53), with a volume of 659897 shares. The stock had previously closed at GBX 2,852 ($36.69).

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CCH shares. Barclays restated an “overweight” rating and set a GBX 3,000 ($38.59) price target on shares of Coca-Cola HBC in a research report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 2,950 ($37.95) target price on shares of Coca-Cola HBC in a research report on Thursday, July 4th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 2,350 ($30.23) price target on shares of Coca-Cola HBC in a report on Wednesday, April 3rd. Citigroup reiterated a “neutral” rating on shares of Coca-Cola HBC in a research note on Thursday, July 4th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 3,000 ($38.59) target price on shares of Coca-Cola HBC in a research report on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 2,825 ($36.34).

Coca-Cola HBC Stock Performance

The company has a market capitalization of £10.37 billion, a P/E ratio of 1,918.92, a P/E/G ratio of 1.55 and a beta of 0.91. The company has a current ratio of 1.02, a quick ratio of 0.80 and a debt-to-equity ratio of 107.46. The company’s fifty day moving average is GBX 2,726.28 and its 200 day moving average is GBX 2,559.41.

Insiders Place Their Bets

In related news, insider Zoran Bogdanovic purchased 170 shares of Coca-Cola HBC stock in a transaction dated Wednesday, July 17th. The stock was bought at an average cost of GBX 2,710 ($34.86) per share, for a total transaction of £4,607 ($5,926.16). Insiders have purchased a total of 499 shares of company stock worth $1,364,416 over the last 90 days. Corporate insiders own 47.22% of the company’s stock.

Coca-Cola HBC Company Profile

Coca-Cola HBC AG engages in the production, distribution, and sale of non-alcoholic ready-to-drink beverages under franchise in Switzerland, the United Kingdom, North and Central America, rest of Europe, the Nordic countries, and internationally. The company offers sparkling soft drinks, adult sparkling, hydration drinks, juices, ready-to-drink tea and coffee, sports and energy drinks, dairy, stills, coffee, water, plant-based drinks, premium spirits, and snacks.