Coca-Cola HBC (LON:CCH) Reaches New 52-Week High - Here's Why

Coca-Cola HBC AG (LON:CCH - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as GBX 4,102 ($55.37) and last traded at GBX 3,989.20 ($53.84), with a volume of 10644258 shares trading hands. The stock had previously closed at GBX 3,988.04 ($53.83).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reissued an "overweight" rating and issued a GBX 3,650 ($49.26) target price on shares of Coca-Cola HBC in a research note on Friday, March 28th.

Coca-Cola HBC Stock Up 0.5%

The firm has a 50-day simple moving average of GBX 3,726.92 and a 200 day simple moving average of GBX 3,224.56. The company has a market capitalization of £16.71 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94. The company has a debt-to-equity ratio of 137.31, a current ratio of 1.14 and a quick ratio of 0.80.

Insider Activity at Coca-Cola HBC

In other news, insider Zoran Bogdanovic purchased 129,325 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were purchased at an average price of GBX 3,451 ($46.58) per share, with a total value of £4,463,005.75 ($6,023,762.65). In the last ninety days, insiders have purchased 130,356 shares of company stock worth $450,184,909. 47.16% of the stock is currently owned by company insiders.

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.