Coca-Cola HBC (LON:CCH) Hits New 12-Month High – Should You Buy?

Coca-Cola HBC AG (LON:CCH)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as GBX 4,108 and last traded at GBX 4,111.59, with a volume of 1753307 shares changing hands. The stock had previously closed at GBX 4,068.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CCH. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Coca-Cola HBC in a report on Friday, January 9th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Coca-Cola HBC from GBX 4,485 to GBX 4,470 and set a “buy” rating for the company in a research report on Friday, November 28th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 4,400 price target on shares of Coca-Cola HBC in a research report on Friday, January 9th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 4,147.

Coca-Cola HBC Stock Up 2.3%

The stock has a market cap of £15.12 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 1.03 and a beta of 0.94. The company has a debt-to-equity ratio of 137.31, a quick ratio of 0.80 and a current ratio of 1.14. The firm’s 50-day simple moving average is GBX 3,826.31 and its two-hundred day simple moving average is GBX 3,722.69.

Insider Transactions at Coca-Cola HBC

In other Coca-Cola HBC news, insider Zoran Bogdanovic sold 15,000 shares of Coca-Cola HBC stock in a transaction on Friday, November 21st. The shares were sold at an average price of GBX 3,616, for a total transaction of £542,400. Insiders have purchased 432 shares of company stock valued at $1,632,996 over the last quarter. 99.20% of the stock is currently owned by company 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.