Coca-Cola HBC (LON:CCH) Stock Price Down 17.9% – What’s Next?

Coca-Cola HBC AG (LON:CCH)’s share price traded down 17.9% during trading on Thursday. The company traded as low as GBX 4,018 and last traded at GBX 4,052. 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.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CCH. Deutsche Bank Aktiengesellschaft lifted their price objective on Coca-Cola HBC from GBX 5,700 to GBX 5,725 and gave the company a “buy” rating in a research note on Wednesday, September 16th. Berenberg Bank increased their price objective on shares of Coca-Cola HBC from GBX 5,453 to GBX 5,483 and gave the stock a “buy” rating in a research report on Tuesday, September 29th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 5,600 target price on shares of Coca-Cola HBC in a research note on Wednesday. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 5,346.60.

Coca-Cola HBC Stock Performance

The company has a debt-to-equity ratio of 150.62, a quick ratio of 0.80 and a current ratio of 1.37. The stock has a fifty day simple moving average of GBX 4,482.24 and a two-hundred day simple moving average of GBX 4,493.17. The stock has a market cap of £14.77 billion, a PE ratio of 14.84, a PEG ratio of 1.03 and a beta of 0.52.

Insider Buying and Selling at Coca-Cola HBC

In other news, insider Zoran Bogdanovic purchased 4,750 shares of the stock in a transaction that occurred on Monday, September 21st. The stock was acquired at an average cost of GBX 4,269 per share, with a total value of £202,777.50. Insiders have acquired 5,115 shares of company stock valued at $21,932,035 in the last ninety days. 95.73% 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.