Coca-Cola HBC (LON:CCH) Stock Price Down 7.9% – Should You Sell?

Coca-Cola HBC AG (LON:CCH) shares were down 7.9% during trading on Friday . The stock traded as low as GBX 4,238 and last traded at GBX 4,248. Approximately 2,987,241 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 7,594,060 shares. The stock had previously closed at GBX 4,610.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Citigroup raised their price target on Coca-Cola HBC from GBX 4,500 to GBX 5,025 and gave the company a “neutral” rating in a report on Friday, July 3rd. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 5,500 target price on shares of Coca-Cola HBC in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Coca-Cola HBC from GBX 5,700 to GBX 5,725 and gave the company a “buy” rating in a research note on Wednesday. Finally, Berenberg Bank upped their price target on shares of Coca-Cola HBC from GBX 5,007 to GBX 5,453 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 5,320.60.

Coca-Cola HBC Trading Down 7.9%

The firm has a market capitalization of £15.48 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 1.03 and a beta of 0.54. The company has a quick ratio of 0.80, a current ratio of 1.37 and a debt-to-equity ratio of 150.62. The firm’s 50 day moving average is GBX 4,728.15 and its 200 day moving average is GBX 4,540.75.

Insider Activity at Coca-Cola HBC

In related news, insider Zoran Bogdanovic acquired 127 shares of Coca-Cola HBC stock in a transaction dated Thursday, September 17th. The stock was acquired at an average cost of GBX 4,657 per share, with a total value of £5,914.39. In the last three months, insiders acquired 357 shares of company stock worth $1,683,839. 95.72% of the stock is currently owned by corporate 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 760 million consumers across a broad geographic footprint of 29 countries.