Coca-Cola HBC (LON:CCH) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Coca-Cola HBC AG (LON:CCH) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3,854.03 and traded as high as GBX 4,532. Coca-Cola HBC shares last traded at GBX 4,492, with a volume of 1,816,728 shares traded.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CCH shares. Deutsche Bank Aktiengesellschaft cut their price target on 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. Jefferies Financial Group raised their price objective on Coca-Cola HBC from GBX 4,400 to GBX 4,600 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Coca-Cola HBC in a report on Friday, January 9th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 4,197.

Coca-Cola HBC Trading Up 1.3%

The firm’s fifty day simple moving average is GBX 4,287.94 and its 200 day simple moving average is GBX 3,858.47. The stock has a market capitalization of £16.48 billion, a P/E ratio of 18.06, a price-to-earnings-growth ratio of 1.03 and a beta of 0.52. The company has a debt-to-equity ratio of 107.40, a quick ratio of 0.80 and a current ratio of 1.19.

Insider Activity at Coca-Cola HBC

In related news, insider Anastassis G. David sold 29,277 shares of Coca-Cola HBC stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of GBX 4,711, for a total value of £1,379,239.47. Also, insider Zoran Bogdanovic acquired 115,883 shares of the stock in a transaction on Tuesday, February 17th. The shares were purchased at an average price of GBX 4,751 per share, with a total value of £5,505,601.33. Over the last three months, insiders have bought 116,162 shares of company stock valued at $551,637,280 and have sold 266,712 shares valued at $1,260,589,273. 99.08% of the stock is currently owned by 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.