Coca-Cola HBC (LON:CCH) Reaches New 52-Week High - Time to Buy?

Coca-Cola HBC AG (LON:CCH - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as GBX 3,844 ($51.21) and last traded at GBX 3,838 ($51.13), with a volume of 988764 shares trading hands. The stock had previously closed at GBX 3,798 ($50.60).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a GBX 3,650 ($48.63) price target on shares of Coca-Cola HBC in a research note on Friday, March 28th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Coca-Cola HBC currently has an average rating of "Moderate Buy" and a consensus target price of GBX 3,150 ($41.97).

Coca-Cola HBC Stock Performance

The stock has a market cap of £16.88 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 1.03 and a beta of 0.94. The company has a quick ratio of 0.80, a current ratio of 1.14 and a debt-to-equity ratio of 137.31. The stock's fifty day moving average is GBX 3,515.38 and its 200-day moving average is GBX 3,052.87.

Insider Transactions at Coca-Cola HBC

In related news, insider Zoran Bogdanovic acquired 129,325 shares of the firm's stock in a transaction on Monday, March 17th. The shares were purchased at an average cost of GBX 3,451 ($45.98) per share, for a total transaction of £4,463,005.75 ($5,945,917.60). Insiders bought 269,049 shares of company stock valued at $898,220,443 over the last three months. Company insiders own 47.16% of the company's stock.

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.