Coca-Cola HBC (LON:CCH) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Coca-Cola HBC AG (LON:CCH) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 4,293.62 and traded as high as GBX 4,338. Coca-Cola HBC shares last traded at GBX 4,280, with a volume of 408,381 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have commented on CCH shares. Berenberg Bank raised Coca-Cola HBC to a “buy” rating and upped their price objective for the company from GBX 4,068 to GBX 5,007 in a research note on Friday, May 8th. UBS Group reaffirmed a “buy” rating and set a GBX 4,900 price objective on shares of Coca-Cola HBC in a research note on Tuesday, May 5th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 4,800 price objective on shares of Coca-Cola HBC in a research note on Thursday, May 7th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 4,794.25.

Coca-Cola HBC Trading Up 0.5%

The company has a 50 day simple moving average of GBX 4,293.62 and a 200 day simple moving average of GBX 4,123.24. The company has a current ratio of 1.19, a quick ratio of 0.80 and a debt-to-equity ratio of 107.40. The stock has a market capitalization of £15.68 billion, a PE ratio of 16.61, a P/E/G ratio of 1.03 and a beta of 0.55.

Insider Activity

In other Coca-Cola HBC news, insider Zoran Bogdanovic bought 119,532 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was acquired at an average cost of GBX 4,557 per share, with a total value of £5,447,073.24. Over the last ninety days, insiders purchased 121,409 shares of company stock worth $552,850,581. Corporate insiders own 99.08% 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.