Coca-Cola HBC (LON:CCH) Share Price Crosses Below 200 Day Moving Average - Here's Why

Coca-Cola HBC AG (LON:CCH - Get Free Report)'s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,742.67 ($50.49) and traded as low as GBX 3,694 ($49.83). Coca-Cola HBC shares last traded at GBX 3,726 ($50.26), with a volume of 515,390 shares traded.

Wall Street Analysts Forecast Growth

CCH has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target 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. Berenberg Bank reiterated a "buy" rating and set a GBX 4,068 price target on shares of Coca-Cola HBC in a report on Wednesday, August 6th. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Coca-Cola HBC in a report on Thursday, August 7th. Finally, Jefferies Financial Group reiterated a "buy" rating and set a GBX 4,400 price target on shares of Coca-Cola HBC in a report on Thursday, August 7th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of GBX 4,104.50.

Coca-Cola HBC Stock Performance

The firm has a market capitalization of £13.68 billion, a P/E ratio of 1,499.60, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94. The company has a current ratio of 1.14, a quick ratio of 0.80 and a debt-to-equity ratio of 137.31. The business's 50 day simple moving average is GBX 3,885.88 and its two-hundred day simple moving average is GBX 3,756.21.

Insider Activity at Coca-Cola HBC

In related news, insider Zoran Bogdanovic purchased 882 shares of Coca-Cola HBC stock in a transaction dated Thursday, July 17th. The stock was purchased at an average cost of GBX 3,944 per share, for a total transaction of £34,786.08. 99.20% of the stock is owned by corporate 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.