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Coca-Cola HBC (LON:CCH) Reaches New 12-Month High Following Insider Buying Activity

Coca-Cola HBC logo with Consumer Defensive background

Coca-Cola HBC AG (LON:CCH - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday after an insider bought additional shares in the company. The company traded as high as GBX 3,800 ($50.60) and last traded at GBX 3,786 ($50.41), with a volume of 1684051 shares. The stock had previously closed at GBX 3,766 ($50.15).

Specifically, insider Zoran Bogdanovic bought 914 shares of the firm's stock in a transaction that occurred on Thursday, April 17th. The stock was acquired at an average cost of GBX 3,747 ($49.89) per share, with a total value of £34,247.58 ($45,602.64).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reissued an "overweight" rating and issued a GBX 3,650 ($48.60) price objective on shares of Coca-Cola HBC in a research report on Friday, March 28th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of GBX 3,150 ($41.94).

Read Our Latest Research Report on CCH

Coca-Cola HBC Stock Down 0.1 %

The firm has a market cap of £16.44 billion, a P/E ratio of 26.25, a P/E/G 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 fifty day moving average is GBX 3,495.22 and its 200 day moving average is GBX 3,035.69.

About Coca-Cola HBC

(Get Free Report)

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.

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