Coca-Cola HBC (LON:CCH) Sets New 52-Week High - What's Next?

Coca-Cola HBC AG (LON:CCH - Get Free Report) shares reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 3,674 ($48.87) and last traded at GBX 3,646 ($48.50), with a volume of 1550999 shares trading hands. The stock had previously closed at GBX 3,628 ($48.26).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reiterated an "overweight" rating and set a GBX 3,650 ($48.55) price target on shares of Coca-Cola HBC in a research report on Friday, March 28th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Coca-Cola HBC has an average rating of "Moderate Buy" and a consensus target price of GBX 3,150 ($41.90).

Coca-Cola HBC Price Performance

The business has a 50 day moving average of GBX 3,433.79 and a 200 day moving average of GBX 3,000.51. The company has a market cap of £16.30 billion, a PE ratio of 26.03, 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 Buying and Selling at Coca-Cola HBC

In other Coca-Cola HBC news, insider Zoran Bogdanovic acquired 138,810 shares of the stock in a transaction that occurred on Monday, February 17th. The shares were acquired at an average cost of GBX 3,231 ($42.98) per share, with a total value of £4,484,951.10 ($5,965,617.32). Insiders own 47.16% of the company's stock.

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.