Coca-Cola HBC (LON:CCH) Shares Down 17.9% – Should You Sell?

Coca-Cola HBC AG (LON:CCH) shares traded down 17.9% during trading on Thursday. The company traded as low as GBX 4,018 and last traded at GBX 4,052. Approximately 133,507,156 shares changed hands during mid-day trading, an increase of 1,654% from the average session volume of 7,613,488 shares. The stock had previously closed at GBX 4,934.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CCH shares. Jefferies Financial Group restated a “buy” rating and set a GBX 5,600 price objective on shares of Coca-Cola HBC in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upped their target price on 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. Finally, Berenberg Bank increased their target price on Coca-Cola HBC from GBX 5,453 to GBX 5,483 and gave the company a “buy” rating in a research note on Tuesday, September 29th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 5,346.60.

Coca-Cola HBC Stock Performance

The company’s fifty day simple moving average is GBX 4,482.24 and its two-hundred day simple moving average is GBX 4,493.17. The company has a market capitalization of £14.77 billion, a price-to-earnings ratio of 14.84, a price-to-earnings-growth ratio of 1.03 and a beta of 0.52. The company has a debt-to-equity ratio of 150.62, a quick ratio of 0.80 and a current ratio of 1.37.

Insider Activity at Coca-Cola HBC

In other news, insider Zoran Bogdanovic purchased 4,750 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The stock was acquired at an average cost of GBX 4,269 per share, for a total transaction of £202,777.50. Insiders have bought a total of 5,115 shares of company stock worth $21,932,035 over the last quarter. Company 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.