Coca-Cola HBC (LON:CCH) Stock Price Crosses Below 200 Day Moving Average - Time to Sell?

Shares of Coca-Cola HBC AG (LON:CCH - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,742.67 ($50.55) and traded as low as GBX 3,694 ($49.89). Coca-Cola HBC shares last traded at GBX 3,726 ($50.32), with a volume of 515,390 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CCH. JPMorgan Chase & Co. reissued an "overweight" rating on shares of Coca-Cola HBC in a research report on Thursday, August 7th. Jefferies Financial Group restated a "buy" rating and set a GBX 4,400 price objective on shares of Coca-Cola HBC in a research note on Thursday, August 7th. Deutsche Bank Aktiengesellschaft upped their price objective on Coca-Cola HBC from GBX 3,950 to GBX 4,300 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Finally, Berenberg Bank restated a "buy" rating and set a GBX 4,068 price objective on shares of Coca-Cola HBC in a research note on Wednesday, August 6th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of GBX 4,104.50.

Coca-Cola HBC Stock Performance

The company has a market cap of £13.68 billion, a P/E ratio of 1,499.60, a PEG ratio of 1.03 and a beta of 0.94. The company has a 50 day moving average price of GBX 3,885.88 and a 200-day moving average price of GBX 3,749.48. The company has a quick ratio of 0.80, a current ratio of 1.14 and a debt-to-equity ratio of 137.31.

Insider Transactions at Coca-Cola HBC

In other Coca-Cola HBC news, insider Zoran Bogdanovic acquired 882 shares of Coca-Cola HBC stock in a transaction that occurred on Thursday, July 17th. The stock was purchased at an average cost of GBX 3,944 per share, with a total value of £34,786.08. Corporate insiders own 99.20% 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.